House Speaker John Boehner has an idea for the supercommittee on budget deficit reduction: Work on tax reform. During a speech in Washington this afternoon, Boehner was expected to urge the supercommittee to cut the corporate tax rate and eliminate loopholes,
Politico reports.
The speaker has said that Ways and Means Chairman Dave Camp, a member of the supercommittee, is working on a plan to remake the tax code. But some Republicans are worried that any tax reform President Barack Obama might approve would include objectionable provisions.
The speaker also planned to call for entitlement reform, which was part of the House Republicans’ own budget, written by Budget Committee Chairman Paul Ryan. And he will repeat that the House may be able to work with Obama on parts of his jobs plan.
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