Chairman Camp Announces First in a Series of Hearings on Fundamental Tax Reform
First Ways and Means Hearing of the 112th Congress to Examine the Burdens Imposed by the Current Federal Income Tax System and the Need for Reform
Hearing Date: Thursday, January 20, 2011
FOCUS OF THE HEARING:
The hearing will examine the economic and administrative burdens imposed by the current structure of the Federal income tax. It will 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.
In announcing this hearing, Chairman Camp said, “This hearing marks the beginning of a dialogue that the President and the Congress – both Republicans and Democrats – must have with the American people about broad-based tax reform that will allow families to thrive and employers to create jobs. With nine out of ten families either hiring tax preparers or purchasing tax software in order to file their taxes, it is clear that the tax code is too complex, too time-consuming and too costly for our families and businesses. We have one of the highest corporate tax rates in the world, and our small businesses are struggling with continued uncertainty about individual tax rates and new regulations. It is this Committee’s responsibility to examine ways to reform the code so that it won’t be a continued barrier to economic growth and job creation.”
DETAILS FOR SUBMISSION OF WRITTEN COMMENTS:
Please Note: Any person(s) and/or organization(s) wishing to submit for the hearing record must follow the appropriate link on the hearing page of the Committee website and complete the informational forms. From the Committee homepage, http://waysandmeans.house.gov, select “Hearings.” Select the hearing for which you would like to submit, and click on the link entitled, “Click here to provide a submission for the record.” Once you have followed the online instructions, submit all requested information. ATTACH your submission as a Word or WordPerfect document, in compliance with the formatting requirements listed below, by the close of business on Thursday, February 3, 2011. Finally, please note that due to the change in House mail policy, the U.S. Capitol Police will refuse sealed-package deliveries to all House Office Buildings. For questions, or if you encounter technical problems, please call (202) 225-1721 or (202) 225-3625.
Questions? Just ask!