Crapo Comments On Tax Reform Outline Released By House of Representatives Chief Tax Writer

Washington, D.C. - Idaho Senator Mike Crapo issued the following statement regarding the tax reform outline plan released earlier today by the House Ways and Means Committee Chairman Dave Camp (R-Michigan):

"For years, I have consistently worked with many of my colleagues to enact comprehensive tax reform to simplify our overly-complex, anti-competitive code and reduce all tax rates," said Crapo.  "Chairman Camp has been at the forefront of this issue and understands how antiquated our current 4,000-page tax code is for the American people and businesses.  I commend him for his hard work and commitment to moving forward with this vital issue by releasing a proposal today.  As the Chairman points out, tax reform must be comprehensive and pro-growth.  I appreciate his efforts to move away from the failed arguments that put a primary focus on raising tax collections, even at the expense of harming the economy.  Instead, it appears this proposal is focused on growing the economy and providing greater opportunities for all Americans; the by-product of such dramatic economic growth will be increased revenue."

"I will thoroughly review Chairman Camp's proposal and look forward to working with my colleagues on the Senate Finance Committee and the House Ways and Means Committee to move this process forward so that the American people can have a tax code that fosters an environment to create a modern, dynamic economy that benefits all Americans and does not stifle growth."

Crapo is a senior member of the Senate Finance Committee, served on the bipartisan President's Commission on Fiscal Responsibility and Reform (also known as the Bowles-Simpson Commission) and is one of the original "Gang of Six" senators that attempted to bring tax reform to the Senate floor.