Throwback Thursday: Tax Reform A Year Ago, and Today

Published by Michael Novogradac on Friday, February 21, 2014 - 12:00am

At this time last year, the comprehensive tax reform effort was gaining steam as Ways and Means Committee Chairman Dave Camp, R-Mich., and Ranking Member Sandy Levin, D-Mich., announced the formation of 11 separate Ways and Means Committee Tax Reform Working Groups and House Speaker John Boehner announced he would hold H.R. 1 for a comprehensive tax bill to signify the effort’s importance.

Now, the comprehensive tax reform effort is poised to move into a new phase. Reports indicate Chairman Camp will release a detailed discussion draft version of this tax reform proposal early next week. Meanwhile, the succession of Sen. Ron Wyden, D-Ore., to the chairmanship of the Senate Finance Committee is expected to alter the tax reform landscape.

In the March issue of the Novogradac Journal of Tax Credits, I will discuss Sen. Wyden’s legislative record related to affordable housing, community development and renewable energy tax credits, and what his chairmanship could mean for comprehensive tax reform. To receive a copy of that discussion as part of the abridged email version of the Journal of Tax Credits, subscribe to Novogradac’s free Industry Alert email service. Or, to test drive the complete, print edition, request a free sample copy of the Novogradac Journal of Tax Credits.