The stalemate on Capitol Hill over whether to increase the $14.2 trillion U.S. debt limit isn't affecting the debate over how to overhaul the tax code, said Representative Dave Camp, a Michigan Republican.
Despite the debate over the debt limit, I am encouraged about the bipartisanship and progress that has been made in the area of tax reform," the House Ways and Means Committee Chairman said today in a speech at the U.S. Chamber of Commerce in Washington. "We will need to see more of it to see it across the finish line."
His comments were made two weeks after Representative Sander Levin of Michigan, the top Democrat on Camp's committee, said the panel's progress could be "washed away" if Congress fails to raise the debt limit by Aug. 2.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
