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House GOP Pushes To Slash Tax Code, Cut Taxes, Shrink IRS

Law360, Washington (June 24, 2016, 12:39 PM EDT) -- House Republicans unveiled a set of sweeping tax reforms Friday, pledging to cut tax rates, eliminate deductions and substantially reduce the size and scope of the Internal Revenue Service as part of a series of large-scale policy reforms proposed in recent weeks.

The plan, announced by House Speaker Paul Ryan, R-Wisc., Ways and Means Committee Chair Kevin Brady, R-Tex., and other House leaders, eliminates deductions and estate taxes, cuts individual and business tax rates and reduces the size and scope of the IRS. Brady said the...
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