Report · May 24, 2014

A Good Starting Point: 23 Options from Rep. Dave Camp for Closing Tax Loopholes

The tax reform plan developed by Rep. Dave Camp (R-MI) doesn’t just talk in abstract terms about closing loopholes. The Tax Reform Act of 2014 identifies specific loopholes in the tax code that should be closed—and the Joint Committee on Taxation (JCT) has estimated how much revenue closing those loopholes would raise. The Camp plan provides an important service by highlighting special-interest loopholes that should be eliminated from the tax code, changes on which Republicans and Democrats, conservatives and progressives, should be able to agree, even though there are significant differences over the plan as a whole.