The Tax Council Policy Institute plans to host a webcast on the business tax implications of the Tax Reduction and Reform Act, a bill introduced by House Ways and Means Committee Chairman Charles Rangel, D-N.Y.

The webcast, "The Rangel Bill: A Baseline For Business Tax Reform," is scheduled for Monday, Dec. 3, from 1 p.m. to 2:30 p.m. EST.

During the webcast, John Buckley, majority chief tax counsel of the House Ways and Means Committee, and Jon Traub, the House Ways and Means Committee's minority chief tax counsel, will discuss the rationale and anticipated impact of the proposed legislation, which calls for a reduction of the corporate tax rate and broadening of the corporate tax base.

The webcast will also feature Manal Corwin, a principal of KPMG and former acting international tax counsel at the U.S. Treasury, who will provide a review of the business tax provision of the bill. Hank Gutman, a principal of KPMG and former chief of staff of the U.S. Congress Joint Committee on Taxation, will serve as moderator of the program. KPMG is acting as program manager for the event.

"In the Tax Reduction and Reform Act of 2007, Chairman Rangel has attempted to balance a number of important, but sometimes competing, interests," said Gutman in a statement. "By introducing this legislation well in advance of the scheduled expiration of the tax cuts enacted since 2001, he has provided ample opportunity for stakeholders to engage in rational discussion about the future structure of our tax system."

To attend the webcast, go to http://www.us.kpmg.com/events/TCPI120307. The event qualifies for one continuing professional education credit through KPMG.

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