Daily Tax Update - July 8, 2013: Tax-Writing Chairmen Visit First Stop on Nationwide Tax Reform Tour

Tax-Writing Chairmen Visit First Stop on Nationwide Tax Reform Tour:  Today, Senate Finance Committee Chairman Max Baucus and House Ways and Means Committee Chairman Dave Camp met with workers and executives at two St. Paul, Minnesota area businesses to discuss the need to overhaul the tax code.  Baucus and Camp visited the 3M Company and Baldinger Bakery as part of their nationwide "Simpler Taxes for America Tour.”

“The U.S. tax code has not been updated in close to 30 years. In that time, it has become increasingly complicated.  Our tax code today contains nearly four million words and is riddled with loopholes that are acting as a brake on our economy.  We have an opportunity to change all that,” Baucus and Camp said.  “Tax reform can make the code simpler and fairer for America’s families and businesses and spark a more prosperous economy.  We are engaging the American public in a national conversation on how to fix the tax code.  That is why we are here in St. Paul, meeting with leaders in business — big and small.  We want to hear how we can improve their experience with America’s tax system.”