Ways and Means Committee Chairman Kevin Brady (R-TX) today delivered the keynote address at the Tax Council Policy Institute’s 17th Annual Tax Policy and Practice Symposium—this year’s program sponsored by KPMG.
According to Chairman Brady’s prepared remarks, “…pro-growth tax reform is at the top of our list of action items.” In response to a question, he said that "everything was on the table."
The chairman said that the Ways and Means Committee currently was involved in drafting proposals for international tax reform that would serve as a “down payment” on more comprehensive tax reform, after the election. In his opinion, international tax reform was possible this year—especially given the concerns of both Republicans and Democrats about corporate inversions and foreign take-overs. According to the chairman, both dynamic scoring and the permanent extension of certain tax preference items in the PATH Act have provided some leverage or space for accomplishing this goal.
Chairman Brady stated that he viewed House tax reform efforts to be on track with Senate Finance Committee Chairman Hatch’s integration efforts, and that discussions with the Finance chairman were on-going.
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