Today, the House Ways and Means Tax Policy Subcommittee held a hearing on member proposals relating to fundamental reform on the income tax system. The hearing focused in particular on cash-flow and consumption-based approaches to taxation.
The witnesses were:
- Representative Devin Nunes (R-CA) discussing the “American Business Competitiveness Act of 2015” (H.R. 4377)
- Representative Michael C. Burgess (R-TX) discussing the “Flat Tax Act” (H.R. 1040)
- Representative Robert Woodall (R-GA) discussing the “FairTax Act of 2015” (H.R. 25)
On April 13, the subcommittee will hold a hearing on tax reform proposals by members that focus on income-based approaches to taxation.