Posts Tagged ‘House Ways & Means Committee’

Is It Time To End The Highway Trust Fund Fiction?

Congress is in the midst of another Perils of Pauline political showdown: This time the drama is over how to finance the highway trust fund, which will be unable to pay its bills in a couple of weeks. House Republicans have cooked up one set of gimmicks to keep the money flowing for a few […]

The Tax Extenders: Yes, Virginia, They Really Are Tax Cuts

The other day, the House Ways & Means Committee voted to cut taxes for certain businesses by $310 billion. Washington, being Washington, is now in the midst of a partisan debate over whether this is in fact a tax cut or, conversely, whether failing to cut those business levies would be a tax increase. This […]

Dave Camp’s Tax Plan: A Brave Start But Lots of Gimmicks

Give House Ways & Means Committee Chair Dave Camp (R-MI) all the credit in the world for years of hard work developing his tax reform plan. Just don’t look too hard at the blueprint, which he released this afternoon. On one level, it is a serious framework for reform. For individuals, it would consolidate and […]

Baucus Proposes International Tax Reform But Future Action Remains Uncertain

In an effort to jumpstart moribund tax reform efforts, Senate Finance Committee Chairman Max Baucus (D-MT) is suggesting major changes in the way U.S.-based multinational corporations are taxed on their overseas income. The plan is quite specific (even including legislative language and a 90-page technical summary) but it is not a formal proposal and leaves many […]

The Joint Committee’s Report on Tax Reform: Must-read for Policy Geeks

If you are a tax geek, or even a normal person who wants to keep up with the ongoing debate over restructuring the tax code, download a copy of the congressional Joint Tax Committee’s Tax Reform Working Group Report. It is 568 pages long, doesn’t have much of a plot, has no character development (unless you […]

Congress May Not Rewrite the Tax Code in 2013, But It Could Make It Simpler

As regular readers of Tax Vox know, I don’t believe there is much chance President Obama and Congress will agree on individual broad-based tax reform in 2013. Without a deal on how much this new tax system should raise, talking about a big rewrite is futile. However, Obama and Congress still have an opportunity to do something very […]

The Wide Tax Reform Gulf Between Baucus and Camp

Yesterday, Senate Finance Committee Chairman Max Baucus (D-MT), who rarely gives public speeches, laid out his agenda for tax reform. Just for fun, I compared what Baucus told the Bipartisan Policy Center to a speech House Ways & Means Committee Chairman Dave Camp (R-MI) delivered just three weeks ago to a group of Washington lobbyists. […]

Tax Reform: Going Long v. Going Prudent

Make no mistake, any attempt at tax reform will be a heavy lift. But an interesting behind-the-scenes debate is brewing among reformers over just how high to aim. And some Republicans insist that big, broad-based reform would be easier to accomplish than a more modest rewrite of the Revenue Code. The go-long theory, favored by House […]

Time for a Serious Review of Tax Extenders

A House panel today began what could be the beginning of a remarkable exercise: It is reviewing the merits of dozens of expiring tax provisions that litter the Revenue Code. I hesitate to say so, but this could be a case of Congress doing its actual job.   By the Joint Committee on Taxation’s count, […]

Cutting Corporate Tax Rates: Another View

On Nov. 2, TaxVox reported on a new Joint Committee on Taxation study on whether it is possible to reduce the corporate tax rate to 25 percent by eliminating business tax preferences. In response, we heard from George Callas,  staff director of the Ways & Means Subcommittee on Select Revenue Measures, who has a very different view of the study. George has […]