Republicans demand Treasury Secretary Janet Yellen preserve documents on global tax proposal
NEW YORK–As the debate over how to reform the U.S. tax code escalates, a group of top Congressional lawmakers are calling on Treasury Secretary Janet Yellen to preserve thousands of pages of her department’s record of work on tax policy.
Rep. Dave Camp, R-Mich., chairman of the House Ways and Means Committee, will host Yellen at the Capitol Thursday afternoon to talk about the tax legislation that the White House and Congress are working on.
“The American people look to the secretary of the Treasury, of course, to have the best tax policy in the world,” Camp told ABC News Wednesday afternoon.
“She has more than 20 years of experience on tax policy, as you know, and she understands the issues in this debate,” he added.
Camp said he thought Yellen’s presence at the Capitol Thursday would be a “good opportunity” for lawmakers to hear her views on the potential revenue impact of proposals to reform the U.S. tax code.
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He said Yellen’s work on the issue “has earned her a national reputation for credibility in tax issues and as a public servant.”
“As you know, I think she’s a friend,” Camp said. “She’s a friend of mine and a friend of the House Ways and Means Committee.”
The Ways and Means Committee, which Republicans control, is reviewing new proposals for overhauling the U.S. tax code that include the creation of a “border adjustment tax” on imports, proposals that would tax imports at a “border rate” and other revenue measures.
Yellen has been a vocal proponent of such proposals, and has been working with the White House and Republican lawmakers to develop principles to guide those proposals.
But Camp said her presence at the Capitol Thursday is an opportunity for him to