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McDonald Hopkins Government Strategies Advisory: This Week in Washington — January 22, 2016

Republican floats tax plan

Rep. Devin Nunes (R-CA) said this week that his American Business Competitiveness plan (HR 4377) could move separately from international tax overhaul – something that is a top priority for House Ways and Means Chairman Kevin Brady (R-TX).

Nunes, who is a senior member of the Ways and Means Committee, is proposing to replace the 35 percent corporate tax rate with a 25 percent levy on cash flow, a measure of funds typically available after expenses, financing, and investment.

In an interview, Nunes said his bill would be “revolutionary.”

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