Democrats and Republicans in Washington already have expressed an interest in revamping the tax code, though few believed policymakers would have much success on that front in the heat of this year's presidential election.
In passing their budget this year, House Republicans have already endorsed a plan to collapse the individual income tax system into two brackets and install a top corporate and individual rate of 25 percent. The current top rates are 35 percent.
President Obama, meanwhile, introduced a business tax reform framework that would have lowered the top corporate rate to 28 percent.
Tax-writing committees in both chambers have already spent much of this Congress laying the groundwork for reform, and Boehner’s remarks suggest those panels will continue to take the lead.
“The Ways and Means Committee will work out the details, but the bottom line is: If we do this right, this will be the last time we ever have to confront the uncertainty of expiring tax rates,” Boehner said. “We’ll have replaced the broken status quo with a tax code that maintains progressivity, taxes income once, and creates a fairer, simpler code.”