U.S. Rep. Tom Reed, R-Corning, will take part in a number of tax reform working groups announced by Dave Camp, Committee on Ways and Means chairman, and Sandy Levin, the committee's ranking member.
Reed will participate on four of the 11 working groups: energy, manufacturing, education and family benefits, and real estate.
"Taxpayers are spending a collective 6.1 billion hours each year trying to comply with the 70,000-page tax code," Reed said. "We need to simplify the code so that it is easier for families and small businesses to comply with tax law. Comprehensive tax reform will allow our small businesses to continue creating jobs and ensure that we stay competitive in this global economy. These working groups will provide the committee with valuable information it needs to move forward with comprehensive tax reform."
The 11 working groups are responsible for reviewing current law and compiling feedback from stakeholders, academics and think tanks, practitioners, the general public and fellow members on the working group's overall topic. Each group's findings will be reported back to the full Ways and Means Committee.
The House Ways and Means Committee has broad jurisdiction over many issues including tax policy, trade, health care, and Social Security. Reed was named to the committee on Ways and Means in 2011.
"Rep. Reed is dedicated to comprehensive tax reform in order to provide a simpler and fairer tax code for American families and small businesses," Camp said. "I know he will bring significant experience and knowledge to these working groups."