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May 12 — House Ways and Means Committee Chairman Kevin Brady isn't kidding when he says he is listening to all ideas as he comes up with a framework for revamping the tax code next year.
The Tax Policy Subcommittee on May 12 opened the doors for 48 House members to push their ideas about what tax initiatives should make it into a possible 2017 overhaul. Oft-repeated proposals, such as preferable treatment for student loan debt and provisions to help U.S. manufacturers, made the list.
But there were some ideas that only those fully steeped in the code would know have a legislative solution:
Some of the bills were admittedly narrowly tailored and aren't likely to play a prominent role in big-picture discussions about how to reformulate the tax system. The process is a return to “regular order” to float tax ideas to make the tax code fairer and simpler, Brady said.
Chairman Charles Boustany Jr. (R-La.) said the subcommittee is still focused on a comprehensive overhaul of the tax code, not a piecemeal solution.
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