Topic: Dave Camp
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Apple 'tax gimmicks': rotten to the core or sensible business?
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Tax VOX How to simplify the tax code in 2013
Making the tax code less complicated and more efficient may not achieve the rate-cutting, base-broadening reform many want, Gleckman writes, but it can have important consequences for real people.
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Tax VOX State of the Union address: Can Obama pull off corporate tax reform?
President Barack Obama's State of the Union address will likely touch on tax reform, Gleckman writes, but it remains to be seen whether even corporate reform is possible in 2013.
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Tax VOX The investment tax plan: implications for lower rates on capital gains?
House Ways and Means Committee Chairman Dave Camp's investment tax plan implicitly challenges our most basic and firmly held beliefs about why we tax investment gains the way we do, Sanchirico writes.
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Tax VOX The burden of choice weighs on the tax system
The current taxation of derivatives is complicated and inconsistent, Rosenthal writes. Investors often use these tax differences to manipulate the character, timing, or source of their income to reduce their tax liability, he adds.
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Tax reform: If both parties love it, why doesn't it go anywhere?
A speech by the an oil industry lobbying group Tuesday showed how interest groups are influencing the process, worried that they could be the big loser in tax reform.
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Obama hints at big debt-ceiling brawl, but can he win this one?
On Saturday in his weekly address, President Obama warned of a 'dangerous game' ahead if Congress resists raising the debt ceiling. US debt has hit the current limit – $16.4 trillion.
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Tax VOX Five tough challenges for Obama's second term
With his reelection Tuesday, President Obama faces a second term full of painful choices on issues ranging from the fiscal cliff to Medicare and Medicaid, Gleckman writes.
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Tax reform takes bipartisan step in Senate. Could something come of it?
To 'develop trust' before taking on the heavy lifting of tax reform, Senate tax-writers are attempting to proceed along bipartisan lines, starting with the extension of a reduced number of expiring tax breaks.
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