WASHINGTON -Ways and Means Committee Chairman Charles B. Rangel issued the following statement in response to calls from the Administration to reform the corporate tax structure:
"I appreciate the contributions of the Secretary and participants in today’s conference on corporate taxation, but it is no secret that our tax code is in need of reform. What has been missing from the debate thus far are tax reform proposals endorsed by this Administration and a willingness to work across party lines to enact that reform.
"As the Committee continues its examination of the code in an effort to restore fairness and equity, I welcome the Secretary’s suggestions on reforming the alternative minimum tax (AMT); dealing with tax havens to encourage investment here in the US; addressing the rising concern over taxation of private equity and publicly trade partnerships; and eliminating the growing inequities in income groups that have a devastating impact on our economy.
"Secretary Paulson knows that if he wants to move forward on tax reform, my door is open - in fact, he doesn’t even have to knock."
