Debt Standoff Won’t Hurt Tax Rewrite

GOP Representative Camp cites progress made on tax reform effort.

The stalemate on Capitol Hill over whether to increase the $14.2 trillion U.S. debt limit isn’t affecting the debate over how to overhaul the tax code, said Representative Dave Camp, a Michigan Republican.

Despite the debate over the debt limit, I am encouraged about the bipartisanship and progress that has been made in the area of tax reform,” the House Ways and Means Committee Chairman said today in a speech at the U.S. Chamber of Commerce in Washington. “We will need to see more of it to see it across the finish line.”

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