Congressman Marchant Seeking Views Regarding Tax Reform Working Group

Press Release

As Chairman of the recently established Tax Reform Working Group on Debt, Equity and Capital, Congressman Kenny Marchant (TX-24) is seeking views from constituents, stakeholders, policy experts, and all interested parties on issues related to the working group. The working group is one of 11 bipartisan groups that will review current tax law and identify concerns as part of the Committee on Ways and Means' tax reform effort.

"Taxpayers deserve a tax code that is simpler, flatter, and fairer. If we want to build a healthier economy, we need genuine tax reform and that requires a plan of action," said Marchant. "I am honored to chair one of the working groups to help lead the tax reform effort. I look forward to working closely with my colleagues on both sides of the aisle, and I encourage constituents, stakeholders, and policy experts to share their views. The depth and quality of input from the public will help ensure a tax code that protects hardworking Americans and delivers common sense results."

The working group will examine a range of debt, equity and capital tax structures, and will review areas including: business debt (debt/equity), capital gains, and carried interest. Interested participants are invited to present problems, proposals and solutions in line with the focus areas set out above. The comments are designed to provide an opportunity for all participants to discuss approaches that may be drawn on in the development of tax reform.

To submit comments or request a meeting with the working group, please e-mail marchant.tx24@mail.house.gov by April 15, 2013. In your e-mail, please include: (1) name/name of organization; (2) brief description of the problem and proposed solution; (3) an explanation of how the solution is supportive of the public interest consistent with a tax code that is simpler, flatter, and fairer; (4) working group meeting request date (if applicable); (5) any other relevant information. A summary of comments received will be made available to the Committee on Ways and Means.

Any questions about the Debt, Equity and Capital Working Group should be directed to James Williams at 202-225-6605.

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