Dave Camp Not Planning on Changing Estate Tax

Republican Representative and chairman of the House Ways and Means Committee Dave Camp has said he will not attempt to change estate and gift taxes as he tries to make the biggest alterations to the tax system since 1986.

Camp, of Michigan, plans on releasing a tax bill that would lower individual and corporate tax rates while curtailing tax breaks.  Many Republicans and business groups want the estate tax repealed, but Camp says, “I don’t think that policy needs the reform the rest of the code does.”

See Richard Rubin, Republican Camp Says Estate Tax Won’t Be Changed in Plan, Bloomberg, Nov. 20, 2013.