Tax Overhaul Could Gain Momentum on Budget Deal, Camp Says

For over 50 years, Bloomberg BNA’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

House Ways and Means Committee Chairman Dave Camp said he still sees an opportunity to advance a tax code overhaul through whatever deal ends the budget stalemate in Congress.
“Obviously, I think there's an opportunity in this for tax reform instructions to be put in somewhere,” Camp (R-Mich.) told reporters Oct. 2 as congressional leaders sought a way to resolve the crisis and reopen the government on the second day of the federal shutdown.
With the possibility growing that two measures—a continuing resolution to fund government operations into December and a bill to increase the nation's debt limit by Oct. 17—will ultimately be combined, movement on a tax rewrite appeared to be one possible point that could play to House conservatives' priorities and help pave the way to an agreement.
For full access to this article, please register for a free trial to Daily Tax Report®.