Today, Congressman Kenny Marchant (TX-24) issued the following statement on the public comments received by the Tax Reform Working Group on Debt, Equity and Capital:
"The Ways and Means Committee has set out an ambitious, but necessary, comprehensive reform of the tax code. Work is proceeding across a number of fronts to advance this agenda and solid progress is being made by the Working Group on Debt, Equity and Capital. The group has received valuable input from constituents, policy experts, academics, and industry stakeholders. I am very grateful for the public comments received and welcome further input as we work to make our tax code simpler, flatter and fairer for all Americans."
The comments received by April 15 will be presented to the Joint Committee on Taxation shortly and the Ways and Means Committee in early May. Comments received to date have been posted on the Ways and Means website. Collecting further feedback on debt, equity and capital tax structures will be critical to better understanding market dimensions, unintended consequences, and policy gaps. Congressman Marchant encourages feedback from all interested parties by e-mail at email@example.com.
The Working Group on Debt, Equity and Capital is chaired by Congressman Kenny Marchant and co-chaired by Congressman Jim McDermott (D-WA). The group is one of eleven bipartisan groups established by the Ways and Means Committee to inform its work on comprehensive tax reform.