Rep. Dave Camp (R-Mich.) and Sen. Max Baucus (D-Mont.) May 9 launched a new website,
taxreform.gov, and a Twitter feed,
@simplertaxes, to gather feedback from the public on tax reform.
Camp, chairman of the U.S. House of Representatives Ways and Means Committee, and Baucus, chairman of the Senate Finance Committee, developed the website in conjunction with the Joint Committee on Taxation. The committees will use the feedback gathered from visitors as they craft legislation.
On the website, visitors can learn more about initiatives that already are underway, learn why tax reform is necessary and fill out a form to submit their ideas or to share their story.
In addition, 11 working groups recently were formed by the tax-writing Ways and Means Committee to engage stakeholders and solicit feedback on tax reform proposals. The Joint Committee on Taxation May 6 released a report summarizing those findings and comments.
The
report featured
recommendations by ABC and its construction industry allies to relieve compliance challenges within the construction industry by allowing more small commercial construction firms to use the Completed Contract Method (CCM) of accounting on long-term contracts.
ABC has listed its broader priorities for reforming the tax system as parity, simplicity and certainty. Read ABC’s full recommendations in the
Newsline article, “
Top Priorities for Tax Reform: Parity, Simplicity and Certainty.”