View Author 24 January 2011
On January 20, 2011, the House Committee on Ways and Means held a hearing on fundamental tax reform. As billed by the committee, the purpose of the hearing was to “examine the economic and administrative burdens imposed by the current structure of the federal income tax. . . .[and] explore the cost of complexity borne by American families, the cost of a corporate tax system that is increasingly out-of-step with the rest of the world and the broader cost to the U.S. economy of a tax system that fails to maximize job creation and impedes economic growth.” This was the first in a series of tax reform hearings expected to take place over the next several months under the new Republican leadership of Chairman David Camp (R-MI).