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House Ways and Means Committee Held First Hearing to Discuss Reforming Current Tax Code

Monday, June 13, 2005 - 7:15AM

In anticipation of recommendations from the Treasury Secretary on tax reform, the House Ways and Means Committee held the first of several hearings last week to discuss reforming the current tax code. At the hearing, Rep. Nancy L. Johnson, R-Conn., spoke in support of tax incentives such as the low-income housing tax credit (LIHTC). The Washington Post reports that Johnson said, “You've got to have better information for me to convince me that tax credits aren't powerful or important in structuring a society.” Click here for more information about the hearing.

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