The first hearing, entitled “Comprehensive Tax Reform: Prospects and Challenges” had a panel of former Assistant Secretaries of the Treasury for Tax Policy representing the Clinton, Bush, and Obama administrations discuss important challenges facing the tax code and gave recommendations for Congress as it begins to examine pursuing comprehensive tax reform. The second hearing, entitled “Hearing to Consider the Nomination of David J. Kautter to be an Assistant Secretary of the Treasury” featured Mr. Kautter answering questions on his business background and thoughts on the tax code as preparation for his nomination to be an Assistant Secretary of the Treasury for Tax Policy. All of the panelists from both hearings touched upon common themes regarding the need to simplify the tax code, reform the international tax policy of the United States, and lower the corporate tax rate.
While municipal bonds were not mentioned directly, Mr. Kautter did say twice that as a part of tax reform all provisions of the tax code should be reviewed.
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