Topic: Dave Camp

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Tax VOX Smart tax reform could shrink the government.

Senate Finance Committee Chairman Sen. Max Baucus (D-Mont.) and House Ways and Means Committee Chairman Rep. Dave Camp (R-Mich.) could not only push forward a more fair, pro-growth tax code but also shrink the government's role in the economy, Marron says.
Tax reform: Can Baucus and Hatch make senators eat their spinach?

The Finance Committee's Baucus and Hatch are telling their fellow senators that now's the time to address tax reform, and have set a deadline for colleagues to defend individual tax preferences.
Tax VOX Will the Baucus-Hatch plan trigger tax reform? Probably not.

Senators Max Baucus (D-Mont.) and Orrin hatch (R-Utah) are pushing forward a blank slate rewrite plan, but Gleckman says they are off target. Tax reform will come with a specific set of rates and limited preferences — not a blank slate, Gleckman argues.
Monitor Breakfast 'Major accountability issues' for IRS, Congress's tax chairmen say

The Internal Revenue Service may need to be restructured after the agency was found improperly targeting conservative groups seeking nonprofit status, say Rep. David Camp (R) and Sen. Max Baucus (D), chairmen of congressional tax-writing committees.
Climate change: Why does President Obama's plan skirt Congress?

With Republicans implacably opposed – and some Democrats still wary of fallout at the polls – there's little prospect of getting climate change reform through Capitol Hill.
Its approval rating at new low, Congress plows ahead on immigration, taxes

The approval rating for Congress has never been lower, a poll shows. Might that change as the 'the broken branch' of government makes bipartisan headway on vexing issues of immigration and tax reform?
Monitor Breakfast IRS shakeup needed after scandal, chairmen of Congress' tax-writing panels say

The chairmen of congressional tax writing committees say the Internal Revenue Service may need to be restructured after the agency was found improperly targeting conservative groups seeking non-profit status.
Tax VOX Tax reform hits a political wall

If Congress is going to reform the tax code, it will take an enormous amount of hard work and a lot of luck. But right now, tax reform just can't catch a break.
Apple 'tax gimmicks': rotten to the core or sensible business? (+video)

Two senators on Tuesday plan to grill Apple CEO Tim Cook about the company's tax practices, which they say cheat the US out of billions of dollars. Apple says it's playing within the rules.
Hearing on IRS: What ousted chief offers, Republicans don't buy

Steven Miller, who resigned as acting IRS head this week, argued that the extra scrutiny for conservative groups amounted to ‘foolish mistakes.’ House Republicans see some problems reaching the White House.
Former IRS commissioner apologizes on Capitol Hill: 'Foolish mistakes were made'

Stephen Miller, the ousted acting commissioner of the IRS, appeared before the House Ways and Means committee Friday and apologized for the agency's inappropriate investigation of tea party and other conservative organizations.
IRS tea party scandal is 'un-American' and a 'travesty,' lawmakers fume

Lawmakers on both sides of the aisle are vowing to hold people accountable and explore legislative changes to ensure the IRS mends its ways after singling out tea party and other conservative groups.
IRS apologizes. But has it told all about targeting tea party?

IRS apologizes for targeting tea party groups when they applied for tax-exempt status. But a draft of an inspector general's report suggests officials knew about the targeting as early as 2011.
House prioritizes bills to pay if US hits debt ceiling. Is default averted?

The bill would allow the federal government to pay interest on the nation’s debts, even if the US does not raise the debt ceiling. But some say the effect would be different from what is envisioned.
Tax VOX Tax reform: how to fix the international tax mess

Corporate tax reform is impossible without addressing international issues, Gleckman writes. Yet, this corner of the tax law is not only immensely complex but most proposed solutions inevitably run into massive political and policy roadblocks.
Tax VOX Will Max Baucus retirement help tax reform? Don't count on it.

Some believe the retirement of Senate Finance Committee Chairman Max Baucus will increase the likelihood of tax reform, but Gleckman argues his retirement may not result in a tax code rewrite.
To reinvigorate Republican Party, tea party takes page from Occupy

Tea party activists have come up with 10 bills that they call the New Fair Deal – a nod to ending special interests in D.C. The plan includes privatizing Social Security and replacing Obamacare.
Monitor Breakfast Tax reform: Why Rep. Dave Camp won't rest until it's done

GOP Rep. Dave Camp, chairman of the powerful House Ways and Means Committee, says he's willing to 'walk down every street' to build consensus in Congress on tax reform.
Monitor Breakfast GOP's Rep. Dave Camp envisions inclusive path to a fiscal 'bargain'

Dave Camp, House Ways and Means Committee chairman, said Thursday that involving more members of Congress in budgeting and deficit-cutting could yield, if not a 'grand bargain,' at least a modest deal.
Focus Tax reform: Why a kinder, simpler tax code eludes Congress, so far

As Tax Day nears, Americans in the throes of preparing their returns may be dreaming of a simpler tax code. Here's why tax reform is such a tall order for Congress – and how two lawmakers are laying the groundwork for it now.
Tax VOX Why tax policies should support new business, not small business

If Congress wants to encourage risk-taking, it may be better off focusing on new businesses, not small businesses, Gale writes.
Tax VOX Should the US adopt a territorial tax system?

Backers of a territorial tax system argue that the current worldwide system puts US firms at a competitive disadvantage since they must pay the high US tax rate on repatriated profits earned by their affiliates in low-tax countries, while multinationals based in territorial countries pay only the local tax rate on these profits, Toder writes.
Why does Washington keep putting off entitlement reform?

Both the White House and Republicans agree that entitlement reform is necessary to rein in federal deficits, but nothing ever gets started. That could change in the weeks ahead.
Paul Ryan's tax numbers: Just 'magic asterisks'? (+video)

Paul Ryan's proposed budget envisions lower and simpler tax brackets even as it projects tax revenues as a higher percentage of GDP. Some suggest he'll need magic as well as math to get there.
Tax VOX How would Paul Ryan's tax plan work?

Paul Ryan's tax play mimics the tactics of the 2012 campaign, Gleckman writes, promising tax reform built around wildly ambitious but gauzy rate reductions without a word about how to pay for them.