54 GOP House Members Sound Alarm At Camp Bank Tax Proposal

Law360, New York (March 18, 2014, 8:14 PM EDT) -- Fifty-four Republican lawmakers are urging House Ways and Means Chair Dave Camp, R-Mich., to reconsider a part of his tax reform proposal that would impose an excise tax on the nation's largest financial institutions, saying the tax will destabilize the economy, in a letter released Friday.

The legislators say they commend Camp's comprehensive tax reform effort but believe his proposed excise tax will ultimately shunt capital from small families and businesses and fails to advance an impartial policy that fixes the existing tax system and prioritizes...
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