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kuhf fm news - Why Congress Is Turning To The Houston Energy Sector For Tax Reform Advice

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Congress is working on an overhaul of the nation's tax code and Congressman Kevin Brady, who serves on the House Ways and Means Committee, is the head of a tax reform task force on energy.

He met in an off-the-record discussion at the University of Houston with seven locally-based businesses from both upstream and downstream services to find out how energy tax policy affects their companies.

"A pro-growth tax code, in my view, encourages more U.S. energy production from a wide variety of sources without the tax code picking winners and losers."

The tax code hasn't been rewritten since 1986 and Brady says one thing he's heard is the need for predictability in the law.
While his assignment is to focus in on energy, other members of the House are tackling across-the-board tax code issues.

"If we can fix this broken tax code, make it simpler, less complex -- if we can lower that top rate, close loopholes and make us competitive, we can grow this economy, create jobs and generate revenues to balance the budget."

Congressional leaders are expected to file their report on tax reform by May 6th.


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