Ways and Means Chairman Camp releases tax reform discussion draft

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02/27/2014 by Washington national tax services (WNTS)
Ways and Means Chairman Camp releases tax reform discussion draft

At a glance

House Ways and Means Chairman Dave Camp (R-MI) has released a 979-page draft 'Tax Reform Act of 2014.'

House Ways and Means Chairman Dave Camp (R-MI) has released a 979-page draft “Tax Reform Act of 2014” that would lower corporate and individual tax rates, reform US international tax rules, and simplify the tax code.

Chairman Camp stated the draft legislation will “fix America’s broken tax code by lowering tax rates while making the code simpler and fairer for families and job creators.”

While Congress this year faces significant election-year challenges in enacting tax reform legislation, Chairman Camp’s tax reform discussion draft is expected to be of great interest to policymakers and stakeholders.

Please see our WNTS Insight for key aspects of the tax reform discussion draft (the “Draft”), along with links to material released by the House Ways and Means Committee and the Joint Committee on Taxation. We will be providing additional analysis of Chairman Camp’s tax reform proposals in coming PwC Insights.