Republicans push back on tax projections

On Friday, Ways and Means posted on its website the fact that JCT Chief of Staff Thomas Barthold had noted that the joint committee’s analysis was preliminary and that it had not estimated all the provisions in the corporate code.

Ways and Means also noted that JCT had not considered, among other provisions, the tax break for corporate jet owners that Democrats and Republicans sparred over during the summer’s debt-ceiling negotiations.

“Bringing our corporate rate down to a more competitive 25 percent as part of comprehensive tax reform remains the goal,” Camp said. “The preliminary and partial report from JCT shows we can get there.”