Camp: Tax reform bill might not drop this year

On Thursday, Camp’s panel held its first hearing on tax reform this Congress, with the congressman saying he expects more in the future. 

“We just took the first step on what I’ve said is a long journey of tax reform,” Camp said after a news conference in the Capitol. “We want to start trying to building some consensus. And there’s a lot to do. It’s a very complicated issue, as we heard this morning.” 

Witnesses and lawmakers discussed, among other things, how much to prioritize revenue neutrality in the tax reform discussion. Democrats appeared to be more worried about that issue than Republicans.

Tax reform has emerged early in this Congress as an issue where both parties believe some progress can be made.