MINNEAPOLIS-ST. PAUL, Minn. (7/8/13)--House Ways and Means Committee Chairman Dave Camp (R-Mich.) and Senate Finance Committee Chairman Max Baucus (D-Mont.) kick off their "tax-reform" tour today visiting two businesses here.
"Over the past two years we've heard from hundreds of experts on how to fix the tax code to make it simpler for families and spark a more prosperous economy. We want even more input and want to hear directly from the American people," the chairmen of the two tax-policy writing committees said in a release announcing the first stop in their nationwide tour.
Today the two lawmakers have scheduled visits with multinational corporation 3M Company and Baldinger Bakery, a family run business. The 3M Company reports $30 billion in global sales, 88,000 employees worldwide, with operations in more than 70 countries. Baldinger Bakery is described in the release as a fourth generation, family-run businesses in St. Paul, founded in 1888 when Henry and Rebecca Baldinger left Eastern Europe and made their way to America, which today features a state-of-the-art facility that can produce about 65,000 buns per hour.
On their tax reform tour, the tax-writing chairmen will be talking to a range of Americans and businesses--from large multinational corporations to small, family-run businesses, and to individual taxpayers.
Tax policy leaders have said they will take a "blank slate" approach to reform legislation, which would remove all tax expenditures from the code and would add back in those that make the grade.
It is the scenario that the Credit Union National Association warned credit unions to expect and why CUNA and the state credit union leagues launched a groundbreaking 'Don't Tax My Credit Union' campaign over a month ago to defend against a tax threat.
Use the resource link to read more about the campaign.