Congress Must Simplify Tax Code to Promote Fairness and Provide Relief to Working Families

The following press release was published by the U.S. Congress Committee on Ways and Means on Sept. 6, 2007. It is reproduced in full below.

Click on any of the links below to read releases summarizing the views presented by the witness panels

Panel 1: Witnesses Testify that AMT and Current Tax Breaks Increase Inequality, Economic Insecurity

Panel 2: Changing Current Law Would Eliminate Incentives for Investors to Move “Offshore"

Panel 3: Carried Interest is Compensation and should be Taxed Accordingly

Panel 4: Fund Managers Do Not Deserve Special Tax Breaks for Compensation

Source: U.S. Congress Committee on Ways and Means