Tags: dave | camp | tax.code

Rep. Camp: Tax Code Needs to Be Remade

Thursday, 20 Jan 2011 12:59 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Michigan Republican Rep. Dave Camp, the new chairman of the House Ways and Means Committee, says the tax system shaped by a 1986 congressional overhaul is in some ways “a shell of its former self” in need of fundamental reform, The Hill reports.

“In the intervening years, members of Congress — from both sides of the aisle — have loaded the tax code with a dizzying array of credits, deductions, exclusions and exemptions,” Camp says in prepared remarks at a Ways and Means hearing on tax reform.
 
“To really reform the tax code in a way that lowers the tax rate, broadens the base and promotes the competitiveness of American companies, we will need to make some tough choices,” Camp says. “I don’t think this can be, nor should it be, a partisan exercise. And it cannot happen because just one chamber passes a bill. It will require the active participation of all members of this committee. It will require us to work with the administration. And yes, we will even have to talk to the Senate.”

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Rizty Manhattan Building's 'Poor Door' Irks Critics

Tuesday, 22 Jul 2014 07:34 AM

New York City has approved a developer's plan to include a poor door at a luxury apartment complex in a wealthy Manhat . . .

Clippers CEO and Shelly Sterling to Testify

Tuesday, 22 Jul 2014 07:16 AM

Richard Parsons, the interim CEO of the Los Angeles Clippers, is due to step into the battle of billionaires going on in . . .

Detroit Retirees Back Pension Cuts by a Landslide

Tuesday, 22 Jul 2014 06:59 AM

Detroit's emergency manager is praising workers and retirees who approved pension cuts as a way to get the city out of b . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved