On Sept. 27, leaders in both chambers of Congress and the administration released the Unified Framework for Fixing Our Broken...
Tag Archive: Corporate Tax Rate Reduction
Since returning from summer recess, Congressional leaders and the Trump Administration have been focused on tax reform with the so-called "Big Six" aiming to share an outline of their plan with tax-writers by the end of this month.
Late last week, House Ways and Means Chairman Dave Camp (R-Mich.) released his much-anticipated tax reform draft which would lower corporate and individual tax rates, reform U.S. international tax rules and aims to simplify the tax code--a positive first step toward broad reform. Similar to Camp’s previous discussion drafts that he unveiled in 2011 and 2013, this latest draft is not an introduced bill, but it does contain legislative language. Although Congress faces significant election-year challenges in enacting tax reform legislation, Camp plans to work this year to gain support from lawmakers on both sides of the aisle for a comprehensive overhaul of the tax code.