Legislative Agenda: 2015, The Year of Reform?

Possible Outcomes: While Camp's work never materialized, certain elements could be incorporated as jumping off points for incoming chairman Paul Ryan of Wisconsin. The former vice presidential candidate is viewed as a thought leader on budget and tax issues.

Ramifications of Inaction: Not all bad. The down side in Rep. Camp's blueprint for a revenue-neutral plan was that it called for raisers (a.k.a., tax hikes) in other areas of the tax code. One such idea was to remove the ad tax that allows corporations to deduct 100 percent of their advertising costs. Camp's plan did propose the elimination of this deduction. This threat has been around for the better part of a decade, but a coalition has been hard at work countering the idea on Capitol Hill.