Written with Peter Cook The scandal at the Internal Revenue Service is emboldening the chief congressional proponents for rewriting the tax code, they said in an interview with Bloomberg Television. “This actually leads to new momentum for tax reform,” said...
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The Internal Revenue Service (IRS) headquarters in Washington, D.C.
IRS Scandal Good for Tax Reform: Baucus, Camp, in Interview
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Rep. Dave Camp, R-Mich., right, Chairman of the Joint Committee on Taxation (JCT), walks with Sen. Max Baucus, D-Mont., Vice Chairman, to a discussion of the JTC on the topic of reforming the U.S. Internal Revenue Code.
Zero-Based Tax Reform: Camp, Baucus (‘Max and Dave’)
Welcome to Taxreform.gov — a new bipartisan entry on the Internet sponsored by Rep. Dave Camp, Republican chairman of the House Ways and Means Committee, and Democratic Sen. Max Baucus, chairman of the Senate Finance Committee. Camp says he is...
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The Oversight Subcommittee of the House Ways and Means Committee on Capitol Hill in Washington, DC.
Lawmakers Get 568 Pages of Tax Code Guidance
That thud you just heard was a 568-page pile of tax policy hitting desks around Washington. The nonpartisan congressional Joint Committee on Taxation released its summary today of the U.S. tax system (444 pages), various proposals to change it (45...
Read more »Tax Reform: `No Street Signs’
Generalities about the need to lower tax rates obscure the difficulty of rewriting the tax code — and the benefits of some of the oft-derided tax breaks, Representative Richard Neal said today. Neal, a Massachusetts Democrat, spoke in Washington to the RATE Coalition, a...
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Congressman Dave Camp with Warren Payne, Policy Director for the Committee, right, before a hearing prep in the House Ways and Means Capitol office in Washington, DC.
House Won’t Pass Tax Bill Without Code Overhaul: Beeman
Senate Democrats’ attempts to raise taxes this year will run into a problem: a House determined to starve it of revenue bills. Under the Constitution, revenue measures must start in the House, limiting the Senate’s ability to raise or lower...
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Larry Ellison, chief executive officer of Oracle Corp., at the Oracle OpenWorld 2011 conference in San Francisco.
Techs, Pharmaceuticals Seek Territorial Taxation
Technology and pharmaceutical companies such as Cisco Systems, Oracle and Johnson & Johnson have formed a new coalition to push for lighter taxes on income earned outside the U.S. The LIFT America Coalition — that’s Let’s Invest for Tomorrow —...
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People walk as snow falls during a late winter storm at the U.S. Capitol in Washington on March 6, 2013.
Tax Rewrite Plan — Snarled by Storm — Set for Release Next Week
The snow-delayed draft of proposed tax changes for small businesses will be unveiled next week — weather cooperating, of course — by Representative Dave Camp, chairman of the House Ways and Means Committee. The proposal, which Camp had intended to release...
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A police officer rides a bicycle past the Capitol on Feb. 12, 2013.
CBO Addresses Camp Criticism of Global Tax Study
The Congressional Budget Office says it should have sought more outside voices to look at a Jan. 8 report on international tax policy options. The nonpartisan agency responded today to concerns raised by Rep. Dave Camp, chairman of the House Ways and Means...
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Representative Dave Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, speaks at a Rotary Club meeting in Midland, Michigan, in this file photo.
Camp Considers Working Groups to Tackle Tax Reform
House Ways and Means Committee Chairman Dave Camp wants to break his panel into smaller working groups to tackle specific aspects of tax reform, Bloomberg BNA’s Marc Heller reports. Ray Beeman, tax counsel to the committee, said in a webinar...
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A cardboard cut-out of President Barack Obama in a tent defending "Obamacare" at a street fair in Charlotte, North Carolina.
Health-Care’s Added Cost: Compliance
The 2010 health-care law that’s expected to expand insurance coverage to 27 million Americans in the next decade isn’t cheap: About $1.2 trillion through 2022. There’s another cost, less well known: The time Americans will spend complying with the law...
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