Hearing on Fundamental Tax Reform

Chairman Camp Opening Statement: Hearing on Fundamental Tax Reform
Thursday, January 20, 2011

Washington, DC – Ways and Means Chairman Dave Camp (R-MI) today delivered opening remarks at the Committee on Ways and Means Hearing on Fundamental Tax Reform. Below are excerpts, followed by the full remarks.

The Tax Code
“Clearly, the tax code is too complex, too costly, and takes too much time to comply with. All this adds more burdens on families and employers – making it more difficult to create jobs in this country.

“I am under no illusion that the task before us will be easy. To really reform the tax code in a way that lowers the tax rate, broadens the base, and promotes the competitiveness of American companies, we will need to make some tough choices.”

Tax Reform Requires both Bipartisan Effort and a Conversation with American People
“I don’t think this can be, nor should it be, a partisan exercise. And it cannot happen just because one Chamber passes a bill. It will require the active participation of all Members of this Committee. It will require us to work with the Administration. And yes, we will even have to talk to the Senate.

“More importantly, we will talk to the American people – individuals, families, employers (large and small) – who are actually impacted by the laws we pass here in Washington.”

Read the rest of Camp’s statement at: http://waysandmeans.house.gov/News/DocumentSingle.aspx?DocumentID=220636

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