Rangel’s Tax Plan: More Business Reaction

By October 30, 2007Taxation

Good piece in The Hill, surveying business groups about their view of Ways and Means Chairman Charles Rangel’s tax proposal. While speculative, the lead seems about right: “Some prominent members of the business lobby came out swinging against the giant tax overhaul Rep. Charles Rangel (D-N.Y.) introduced last week, but the legislation may ultimately attract its share of K Street backers.”

The story cites Dorothy Coleman, the NAM’s vice president for tax and domestic economic policy.

Dorothy Coleman, the vice president for tax policy at the National Association of Manufacturers, said that giving up the so-called “section 199” tax break for manufacturers could be a “good deal” for her members if it is paired with a significant corporate rate cut.

She emphasized that she would strongly oppose certain provisions if they were enacted alone, but regarded the overall proposal as “the beginning of a debate.”

“We’ll take a look at it and see where it goes,” Coleman said.

Leave a Reply