In this week’s Tax Policy Podcast, Congressman Dave Camp (R-MI), Ranking Member on the House Ways & Means Committee, discusses tax increases passed in 2009, health care reform and overhauling the federal tax code. A recent report from House Ways & Means Committee Republicans found that the major tax provisions passed by the Democrat-controlled House in 2009 amount to a net tax increase of more than $1 trillion over the next decade. Before moving on to tax priorities for 2010, Camp says, “We have to finish our priorities for 2009. … We’ve got a lot of hangover from last year.” He also stressed the need to make permanent the 2001 and 2003 tax cuts and address the Alternative Minimum Tax (AMT) in an effort to establish long-term stability in the tax code. “I’ve said before the tax code is 10 times the length of the Bible and has none of the good news,” Camp says. “It’s time for an overhaul.” Listento the full podcast here, or check out all of the Tax Foundation’s Tax Policy Podcasts.
