Camp announces retirement from Congress
Chairman of the Ways and Means Committee Dave Camp, R-Mich., announced Monday that he will not run for reelection in November.
“Today, I am announcing that I will not seek re-election to the United States House of Representatives,” Camp said in his press statement. “During the next nine months, I will redouble my efforts to grow our economy and expand opportunity for every American by fixing our broken tax code, permanently solving physician payments for seniors, strengthening the social safety net and finding new markets for U.S. goods and services.”
Camp has been an advocate of rewriting the nation’s tax code as chairman of the tax writing committee. In February, he released his tax reform draft, which preserved the credit union federal tax exemption and credit unions’ treatment under the unrelated business income tax.
Camp is completing his final term as chairman of the Ways and Means Committee. He recently announced his plan to address expired tax extenders, which Senate Finance Chairman Ron Wyden, D-Ore., is also interested in taking up as a “bridge to broader reform.”continue reading »