The recently appointed chairman of the tax-writing House Ways and Means Committee, Kevin Brady, R-Texas, described some of his tax reform priorities in a speech Friday.
Last November, Brady succeeded Paul Ryan, R-Wis., as chairman of the committee after Ryan became Speaker of the House. “Our tax reform will be based on six core principles,” he said during a keynote speech before the Tax Council Policy Institute’s 17th Annual Tax Policy & Practice Symposium in Washington, D.C. “First, the tax code must be simpler, fairer, and flatter. Today, individuals, families and small businesses must grapple with a tax code that is impossible to understand—and that has to change.
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