News
National Journal | Why the Republican Tax-Reform Proposal Is Likely Going Nowhere
After months of work, Republican Rep. Dave Camp, the House majority's lead tax-writer, is set to release an outline of his tax-reform overhaul plan Wednesday. But Republicans are already saying it's unlikely to go much further.
Bloomberg | Camp to Cap Mortgage Benefit While Ending State Tax Break
A tax plan from House Ways and Means Committee Chairman Dave Camp would further limit the mortgage-interest break and end the deduction for state and local taxes, according to a nonpartisan congressional summary.
WSJ | 'No Hope' for Tax Reform
Senate Minority Leader Mitch McConnell (R., Ky.) on Tuesday threw cold water on hopes for a tax-code overhaul this year, saying he didn't see how it would be possible.
Econ Comments & Analysis
WSJ | How to Fix Our Appalling Tax Code
There have been so many changes to the tax code over the past decade that it is now 10 times the size of the Bible, but with none of the Good News. That factual statement usually gets a good laugh back home in Michigan. What isn't funny is the effect that constant tinkering with taxes has had on the people who pay them, and on the economy.
ATR | IRS Warns: Obamacare Tax Must Be Paid with Tax Return
President Obama’s Internal Revenue Service today quietly released a series of Obamacare “Health Care Tax Tips” warning Americans that they must obtain “qualifying” health insurance – as defined by the federal government – or face a “shared responsibility payment” when filing their tax returns in 2015.
Blogs
Market Watch | No endorsement of Camp tax plan from Boehner
House Speaker John Boehner on Wednesday declined to endorse a sweeping tax-reform plan being offered by fellow Republican Dave Camp, saying only “there’s a conversation that needs to begin” about revamping the tax code.
Heritage Foundation | Tax Reform at Last?
Today, House Ways and Means Committee Chairman Dave Camp (R) of Michigan jumpstarts the tax reform debate. It’s about time. The tax code stables in Washington haven’t been cleaned out since 1986—more than a quarter century ago, when Ronald Reagan was President.
