Categories:Tax,United States

Seeking a consensus around comprehensive tax reform: latest developments in Congress

By Evan M Migdail 

Amid the intense dispute over federal spending and debt, the chairmen of the tax-writing committees in the US Senate and the House of Representatives continue their efforts to build a consensus among their members for tax reform.

Both have pledged to move forward with comprehensive proposals this fall. On the House side, ways and means chairman Dave Camp (R-MI) is engaged in a series of closed briefings with his Republican members on various aspects of his anticipated reform proposal. Because he has asked his members not to discuss the content of the meetings, and because the members’ staffs are neither invited to the meetings nor given advance notice of the topics to be discussed at each meeting, there is little reliable information regarding the nature of the discussions or, for that matter, the content of his proposals.

Nonetheless, it seems likely that the comprehensive reform bill Chairman Camp may soon release is likely to at least reflect the proposals in the detailed white papers that he has issued in some areas over the past year or so — most notably on the international side…

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