The start of the 113th Congress brought renewed optimism for an overhaul of the federal tax code. Years of planning, numerous congressional hearings and a bipartisan partnership forged between then Senate Finance Committee Chairman Max Baucus (D-Mont.) and House Ways and Means Chairman Dave Camp (R-Mich.) had tax reform advocates hopeful a rewrite of the tax code could happen for the first time since 1986.
The committees launched an aggressive educational campaign and sought input from individuals and interested stakeholders, including NRCA, but as it stands now, the prospects of enacting tax reform look bleak.
Politics as usual
As hopeful as tax proponents were, the dynamics of Congress have shifted greatly since the beginning of 2013. With a government shutdown, implementation of the Affordable Care Act and efforts to enact immigration reform dominating the agenda, both parties are unwilling to compromise on most legislation. Major ideological differences still remain between Republicans and Democrats over whether revenue increases should be included in any reform package.