Fresh Look at Tax Code Awaits as Ways and Means Shuffles Leadership

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Dec. 4 — The House Ways and Means Committee's idea of a tax overhaul at the beginning of 2015 probably won't be the same as its idea at the end, the new chairman of the Subcommittee on Select Revenue Measures told Bloomberg BNA.

Rep. Dave Reichert (R-Wash.), named Dec. 4 to lead the subcommittee, said rewriting the U.S. tax code is a little bit like police work: The reality on the ground changes as you respond to the call.

That's one perspective as a reorganized team of subcommittee chairmen follows the lead of a new committee chairman, Rep. Paul D. Ryan (R-Wis.), in pursuit of a broad tax overhaul and review of temporary tax credits and deductions for possible longer extensions. Chairman Dave Camp (R-Mich.) is retiring.