Statement from the Peterson Foundation on Chairman Camp’s Tax Reform Discussion Draft
NEW YORK — Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, commented today following the release of the “Tax Reform Act of 2014,” by Ways and Means Chairman Dave Camp:
”Chairman Camp deserves credit for putting forward a constructive proposal to address our broken tax code. His draft legislation presents a valuable and long-overdue opportunity for our nation’s policymakers to begin a real conversation about tax reform — an issue at the heart of our nation’s economic future. A well-crafted, bipartisan reform plan would not only make the code more simple and more fair, but could also boost our economy and improve our fiscal outlook over the long term.”
For the Committee on Ways and Mean’s Tax Reform Plan, click here. For the Joint Committee on Taxation’s analysis of the “Tax Reform Act of 2014,” click here.
Further Reading
How Is K-12 Education Funded?
Public schools for students in kindergarten through 12th grade are financed through a combination of local, state, and federal dollars in proportions that vary across and within states.
How Much Do We Spend on the Federal Workforce?
Here, we examine the federal government’s expenditure on its workforce, the evolution of its size over time, and the opportunities for budget savings.
What Are Interest Costs on the National Debt?
Interest costs are on track to become the largest category of spending in the federal budget.