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...
Sept. 10 — House Ways and Means Committee Chairman Dave Camp (R-Mich.) went too far, too fast in a comprehensive tax overhaul draft that stumbled with the House Republican leadership earlier this year, an economic adviser to President Barack Obama said.
Jason Furman, chairman of the White House Council of Economic Advisers, and Camp clashed Sept. 10 over a key aspect of tax legislation at a forum sponsored by the Business Roundtable, shedding light on some of the politics behind the effort's stagnation.
Furman said Camp's proposal released in February suffered from poor timing and too much detail, making it vulnerable to attack from stakeholders long before it could advance (39 DTR GG-1, 2/27/14).
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