Coats Statement on Camp Tax Reform Proposal
“Despite a political climate that rewards the status quo, tax reform needs to happen for our economy and global competitiveness.”
WASHINGTON, DC – Senator Dan Coats (R-Ind.), senior Senate Republican on the Joint Economic Committee, today made the following statement regarding the release of a proposal to rewrite the U.S. tax code authored by House Ways and Means Committee Chairman Dave Camp (R-Mich.):
“I am still reviewing the specifics of his proposal, but I applaud Chairman Camp’s effort to move the ball forward on reforming a tax code that is too costly, complex and uncompetitive,” said Coats. “Reforming and simplifying our nation’s burdensome tax system will encourage economic growth, create more American jobs and make our country stronger in the global marketplace. Despite a political climate that rewards the status quo, tax reform needs to happen for our economy and global competitiveness. I will continue to join with Congressman Camp and others to move this complex issue in the right direction.”
In 2011, Coats and Senator Ron Wyden (D-Ore.) teamed up to introduce the Bipartisan Tax Fairness and Simplification Act, the only bipartisan comprehensive tax reform legislation that would simplify both individual and corporate tax rates, provide tax relief to the middle class and encourage businesses to grow and invest in the United States. The senators are continuing discussions on updating and improving the legislation as they work with their colleagues on comprehensive tax reform.
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