WASHINGTON, DC -Ways and Means Ranking Member Sander M. Levin (D-MI) made the following statement in response to Ways and Means Chairman Dave Camp’s (R-MI) comments that he wants to cut the top tax rate for individuals and corporations to 25 percent:
“So far any discussions with Mr. Camp have focused on various ideas for corporate tax reform. It’s one thing to conceive a goal of a top tax rate of 25 percent for individuals and corporations - which would reduce revenues by $2 trillion over a decade. It’s another to see how it would work when Republicans are slashing vital programs, there’s a need to decrease - not increase - the deficit and the very wealthy are already major recipients of the Bush tax cuts."
