Bold Tax Plan Likely Going Nowhere

House Ways and Means Chairman David Camp (R-MI) “proposed a bold but politically hazardous overhaul of the nation’s tax laws Wednesday that would jettison hundreds of popular tax breaks in favor of a simpler code with lower rates,” the Washington Post reports.

“Tax analysts predicted that the ambitious package would jump-start a serious discussion about the merits of tax reform. But as the screaming started among industry lobbyists, Camp’s prospects for passing any part of his plan before he gives up his chairmanship early next year were dismissed as exceedingly dim.”

Wonk Wire: GOP tax reform proposal explained