House Republicans Introduce Tax Reform Proposal

On Feb. 26, Ways and Means Chairman Dave Camp (R-Mich.) released a draft tax reform proposal that would modify the Low-Income Housing Tax Credit (LIHTC) program. The proposal came about from a process that involved more than 30 separate Congressional hearings dedicated to tax reform, 11 separate bipartisan tax reform working groups created in conjunction with Ranking Member Sander Levin (D-Mich.), three discussion drafts looking at discrete areas of the tax code, and more than 14,000 public comments at TaxReform.Gov. Here are the changes proposed in the tax reform draft: