Any thoughts from Shadow Raider??
Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) and Ranking Member Sandy Levin (D-MI) (Tim Note: Brother of Carl)announced the formation of 11 separate Ways and Means Committee Tax Reform Working Groups. The groups will be led by one Republican Member serving as Chair and one Democratic Member serving as Vice Chair. Each of the 11 groups will review current law in its designated issue area and then identify, research and compile feedback related to the topic of the working group. The working groups will be responsible for compiling feedback on its designated topic from: (1) stakeholders, (2) academics and think tanks, (3) practitioners, (4) the general public and (5) colleagues in the House of Representatives. Once the work of those groups has been completed, the Joint Committee on Taxation will prepare a report for the full Committee, due by April 15, 2013, that describes current law in each issue area and summarizes the other information gathered by the Committee Members.
Announcing the formation of the groups, Chairman Camp stated, “I am pleased to be working collaboratively with Ranking Member Levin and all of our Committee Members as we continue our efforts to fix our broken tax code. Regardless of party or politics, everyone can agree that comprehensive tax reform should result in a simpler, fairer tax code for families and more jobs for American workers. In addition to Committee hearings, these working groups will be one more way for the Committee to gather the necessary information to produce the best possible legislation.”
Ranking Member Levin added, “Tax reform must build on a full understanding of present provisions as a path to a simpler, fairer and adequate tax code. These working groups provide a framework to undertake in-depth fact-finding on a variety of important issues related to tax reform.”
The 11 working groups and their respective Chair and Vice Chair are listed below (groups listed in alphabetical order).
|Charitable/Exempt Organizations||David Reichert (R-WA)||John Lewis (D-GA)|
|Debt, Equity and Capital||Kenny Marchant (R-TX)||Jim McDermott (D-WA)|
|Education and Family Benefits||Diane Black (R-TN)||Danny Davis (D-IL)|
|Energy||Kevin Brady (R-TX)||Mike Thompson (D-CA)|
|Financial Services||Adrian Smith (R-NE)||John Larson (D-CT)|
|Income and Tax Distribution||Lynn Jenkins (R-KS)||Joseph Crowley (D-NY)|
|International||Devin Nunes (R-CA)||Earl Blumenauer (D-OR)|
|Manufacturing||Jim Gerlach (R-PA)||Linda Sanchez (D-CA)|
|Pensions/Retirement||Pat Tiberi (R-OH)||Ron Kind (D-WI)|
|Real Estate||Sam Johnson (R-TX)||Bill Pascrell, Jr. (D-NJ)|
|Small Business/Pass Throughs||Vern Buchanan (R-FL)||Allyson Schwartz (D-PA)|
When I talked to Devin Nunes’s assistant Dan Breig last year, he defended citizenship-based taxation, but agreed that the system was way too complicated. Devin Nunes himself may have a different opinion, I don’t know. He seems to be interested in foreign commerce, and as I mentioned before, the US Chamber of Commerce opposes citizenship-based taxation because it hurts exports.
From these and other recent developments, it seems to me that Congress will indeed propose tax reform this year, and that it will include international taxation of individuals. We might see some big news soon.
“Cisco Won’t Buy Any US Companies Or Hire Any US Workers Until The Tax Code Is Changed
Business Insider By Julie Bort”
Article text doesn’t mention the US workers/individuals specifically, but the interview (link in the article) might.
If the link between what the US corporations are demanding, and hiring US citizens is made clear, then perhaps the territorial basis for corporation AND the territorial/residence basis for taxing US persons ‘abroad’ may be made stronger.
My initial reaction is that Nevin Nunes might be somebody who will listen and understand. Check out his site:
Note his description and focus on the income tax.
His site also says that he is very pro free trade. Now this is very good. There is no doubt that both territorial taxation on corporations and citizenship-based taxation when it comes to individuals are detrimental to free trade.
I strongly suggest putting to together some very well organized/presented arguments (building on the presentations made by ACA this week) and get a meeting with him. This is NOT a moment to sit idly by.
He looks to me like somebody who is capable of seeing/understanding the link between tax policy and free trade. See my post on Mulroney yesterday.
@Roger Conklin – This is the chance for the audience that you have been waiting for.
I wrote my comments on the POPVOX site but was told I had to register. I tried to do that but was unable to since it only allows US addresses. That’s odd since they are asking for comments from international residents.
This whole thing is one big joke. I compare it to a doctor who withholds any treatment from a patient so that he can study the unchecked progress of the disease. Their refusal to take even any minimal steps to allieviate the problems of overseas U.S. persons is a travesty of the failure of their collective morality coupled with legislative malpractise.
@Bruce Newman, I just posted a comment on POPVOX as a non-American citizen with a US address. Funny how the American political system works, eh?
Devin Nunes site is pretty awesome.
The email Contact for anyone’s representative or Senator is on their website. I find it most effective to have emails coming out of my own email box, rather than using a 3rd party such as Popfox. A normal email is also easier for me to handle than figuring out one more website.
(I also have the advantage of having moved to a smaller state and the field reps know my name and face.)