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Tax News & Views - September 27, 2013

Vol. 14, No. 36


Tax News & ViewsAuthor
Tax Policy Group, Deloitte Tax LLP

  • House GOP tax reform parameters to include 25 percent top rate, Camp says – The text of a House GOP proposal to raise the federal debt limit and provide parameters for reforming the tax code remained under wraps this week, but House Ways and Means Committee Chairman Dave Camp, R-Mich., indicated that the measure would instruct Congress to slash the number of individual income tax rate brackets to two (from six) and set the top rate at 25 percent.

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