Is Congress postponing the tax reform debate?
Although the chairmen of the tax writing committees, representative Dave Camp (R-Michigan) and senator Max Baucus (D-Montana), are thoroughly committed to enacting comprehensive tax reform and are devoting the considerable resources of their committees to that end, recent developments suggest that the bulk of the tax reform debate will have to wait until the second session of this Congress in 2014.
There are outward indications that the staff of the ways and means is very close to the completion of a comprehensive reform draft following several years of hearings on various aspects of reform, the publication of various committee white papers in various complex areas of the code and an extensive process earlier this year to obtain input from stakeholders.
Since the end of the congressional summer recess, chairman Camp has held numerous briefing sessions with his Republican members and a number of one-on-one discussions with various Committee Democrats. Chairman Camp has also had a number of briefings with his Republican leadership…
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