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December 16. 2013

Budget Deal Shows Momentum is Building for Bipartisan Tax Reform in 2014

A series of recent articles shows that momentum for tax reform is alive and well, with senators and representatives from both sides of the aisle looking to move ahead in 2014. Their urgency is a positive sign: our tax code is broken and filled with outdated rules that penalize American businesses and workers. Let’s make 2014 the year that we modernize our tax code to encourage economic growth, spur job creation and let American businesses compete in today’s global economy.

Wall Street Journal: Budget Negotiators See Tax Overhaul Up Next
“Having negotiated a big budget deal, House Budget Committee Chairman Rep. Paul Ryan (R., Wis.) and Senate Budget Chairwoman Patty Murray (D., Wash.) think the next area for bipartisan agreement could be on a tax overhaul.”

Politico: Congress turns to tax reform
“Updating the federal tax code could be the next area in which the Democratic Senate can find common ground with the Republican House, according to Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.)” Paul Ryan: “We’re going to be advancing tax reform legislation because we think that’s a key ingredient to getting people back to work, to increasing take-home pay, to growing this economy.”

The Hill: Ryan: Watch for GOP tax reform
“’Watch the Ways and Means Committee in the first quarter of next year,’ Ryan said. ‘We’re going to be advancing tax reform legislation.’ […] Appearing with Ryan, Sen. Patty Murray (D-Wash.) said Democrats also want to accomplish tax reform.”

Morning Joe: Rep. Paul Ryan pushes for tax overhaul
Paul Ryan: “My hope is that we can do tax reform next year.”

The Hill: Tax reformers see hope in budget deal
“Senate Finance Committee Chairman Max Baucus (D-Mont.) and House Ways and Means Committee Chairman Dave Camp (R-Mich.) have seen their efforts stymied and criticized in recent months…But the budget deal struck this week includes no new revenue from ending tax breaks, giving them free reign to pursue a full-scale rewrite of the tax code.”