Policy News

Wednesday, March 19, 2014
Closing a Door for Homeowners

Washington, DC -- House Ways and Means Committee Chairman Dave Camp, R-Mich., recently unveiled a draft comprehensive tax reform plan that seeks to broaden the tax base while lowering corporate and individual income tax rates. The draft makes significant changes to federal tax rules connected to housing and homeowning.

Tuesday, March 18, 2014
Would A Republican Senate Improve The Chances For Tax Reform?

NEW YORK, NY -- It’s the season for tax reform. Besides House Ways and Means Chair Dave Camp, both Senate Finance Committee member Rob Portman of Ohio and President Obama have unveiled their own plans to overhaul the tax code. Portman’s is very light on details, and Obama’s is still another budget proposal that would change international taxation rules and raise revenue, but there’s no doubt that Washington is now filled with tax ideas. But the political situation makes it unlikely that any major legislation will progress soon. Could that change after the elections in November?

Tuesday, March 18, 2014
Draft Tax Reform Act of 2014 Proposes Profound Impact on Tax-Exempt Organizations

Washington, DC -- On February 26, 2014, Ways and Means Committee Chairman Dave Camp (R-MI) released draft legislation for the Tax Reform Act of 2014. Over the past three years, Congress has held more than 30 hearings in the process of developing this proposal. Also, Chairman Camp and Ranking Member Sander Levin (D-MI) formed 11 separate bipartisan Tax Reform Working Groups to focus on specific issues that included tax-exempt organizations and charitable giving.