Rep. Dave Camp (R-MI) called for a major overhaul of America’s tax code during an important address this week at The Heritage Foundation.
Camp, the Chairman of the powerful House Ways and Means Committee, proposes one of the most important tax reforms in three decades–it would lower tax rates across the board, simplify the tax code, and eliminate loopholes–and he’s relying on research and data from Heritage’s Center for Data Analysis.
Heritage chief economist Steve Moore evaluates Camp’s plan and outlines areas for improvement.
Camp’s plan is also notable, Heritage experts pointed out earlier this year, because Congress’ Joint Committee on Taxation evaluated his plan based on its economic effects. Traditionally, the JCT has ignored how tax policy affects the economy, and Heritage has for years urged them to incorporate these effects into their analysis.
Watch the video of Camp’s talk at Heritage and tell us: Do you think America’s tax code needs fixing?