• Camp Takes to YouTube to Push Tax Reform
  • March 3, 2014
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • After the tax reform “Road Show” this summer failed to gin up enough momentum for tax reform, Representative Dave Camp (R-Mich.) is taking the case to a new venue - YouTube. On January 15, the House Ways and Means Committee Chairman released a short “Tax Education Video.” With rather smooth graphics and high production value (and without any member of the unpopular Congress appearing), the video makes the case that the Tax Code is full of “confusion, complexity and cost.”

    While Rep. Camp has previously proposed reducing the corporate income tax rate to 25%, his new video pushes a new goal - reduce the size of the tax code itself by 25%. The video points out that the tax code is now 10 times the size of the Bible, “but with none of the ‘good news.” The new video says that by “getting rid of all the junk,” the code can be slimmed down from its current length (5,621 pages in the current CCH version, by our count).

    The video notes several burdensome features of the current Code, including

    • It takes the “average taxpayer” about 13 hours to prepare and file a tax return
    • There have been over 4,400 changes to the Code in the last 10 years (more than one a day)

    The video goes on to list “three things we can do” to “fix our broken tax code”:

    1. Make the Code “simpler and fairer”
    2. Make the Code “more efficient” by lowering tax rates “across the board” and “getting rid of special interest handouts”
    3. Make the Code “more accountable” to taxpayers