"In order to fund the proposed changes and keep the progressivity of the tax code (so tax reform will not be seen as a means of reducing taxes on high income taxpayers), Chairman Camp has proposed a number of changes in tax provisions, including modifying or eliminating provisions relating to employee benefit plans. Chairman Camp's proposal is important even if, as predicted, tax reform legislation is not enacted in 2014. Individual provisions in the proposal that raise revenue may be used to fund other legislation outside of the context of an overall legislative initiative to lower tax rates and simplify the Code."  MORE >>