The House Ways and Means Committee on March 1 approved its annual Views and Estimates letter that broadly explains the tax panel’s agenda for the upcoming fiscal year. One major topic of activity for fiscal year 2013 will be continuing the series of hearings on ways to simplify the tax code for individuals, families and employers, according to the letter signed by Chairman Dave Camp, R-Mich. The letter gives a brief overview of the committee’s plans on issues such as corporate tax reform, job growth and individual taxation.
The letter, which was transmitted to the House Budget Committee, is intended to explain those aspects of the federal budget for fiscal year 2013 that fall within the tax panel’s jurisdiction. The committee also plans to scrutinize the revenue recommendations contained in the president’s fiscal year 2013 budget proposal and his “Framework for Business Tax Reform,” according to the letter.
By Stephen K. Cooper, CCH News Staff
Ways and Means Views and Estimates Submission Letter