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 Does the U.S. Healthcare System Compare to Other Countries?
Despite higher healthcare spending, America’s health outcomes are not any better than those in other developed countries.
Six Charts That Show Why Corporate Tax Revenues are Low in the U.S. Right Now
Compared to historical trends and other advanced economies, corporate tax revenues in the United States are low.
The U.S. Corporate Tax System Explained
Revenues raised by the corporate income tax represent the third-largest category of federal revenues in the United States.