125 Republicans Seen Pulling Camp to More Extensive Redo

BusinessWeek

The top Republican tax writer in Congress is being pulled toward a more extensive rewrite of the U.S. code, with more than half of his party’s members in the House backing proposals to rip up the rules.

More than 125 House Republicans have supported proposals that include ending the income tax and terminating the entire code in 2018 to force Congress to create a simpler system. Sixty-eight of them favor what they call a “fair tax” replacing the income, payroll and estate levies with a national sales tax. Dozens back estate-tax repeal proposals. A flat-tax bill has 10 Republicans on board.

Rank-and-file Republicans’ support for bold changes may move Representative Dave Camp of Michigan, the party’s top tax writer, in their direction even as he tries in coming months to draft a plan that could attract some Democratic support. Camp must try to satisfy Republicans eager for a major shakeup while leaving a path to a bipartisan agreement with the Democratic-controlled Senate and President Barack Obama.

“We’ll have our share of boldness,” Camp, 60, said in an interview last week. “Tax reform will be bold. There’s no other way to do it, so we’ll just see how bold everybody wants to be.”..

This article in its entirety can be viewed here.

 

All active news articles