Congressman Camp Releases Tax Reform Proposal – What You Need To Know

“Camp’s plan proposes to cut the top tax rate for both individuals and corporations to 25 percent and eliminate the alternative minimum tax for both individuals and corporations.” (Duane Morris)

If history is any guide, reforming the Tax Code may prove to be, well, too taxing for lawmakers to push through in an election year. But the latest proposal from House Ways and Means Committee Chairman Dave Camp – a 979-page opus – appears to be an important step in that direction.

For your reference, a roundup of business and legal insight on Rep. Camp’s proposal, from authors on JD Supra:

Read more on Tax Reform at JD Supra Business Advisor>>