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
>> 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

Reports: George Clooney in Blowup With Steve Wynn Over Obama

Thursday, 24 Apr 2014 13:55 PM

Actor George Clooney and hotel mogul Steve Wynn had a blowup over dinner about President Barack Obama and Obamacare, acc . . .

BLM-Owned Nevada Land Could Contain All of New England

Thursday, 24 Apr 2014 13:41 PM

All of the New England states would fit in all of the land owned by the U.S. Bureau of Land Management (BLM), with some  . . .

Fla. Candidate Crist Courts Green Vote Without Mentioning Green Costs

Thursday, 24 Apr 2014 13:32 PM

Florida gubernatorial candidate Charlie Crist, a Democrat, has vowed to use his future authority as governor to impose r . . .

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