"Treasury Secretary Jacob J. Lew said Wednesday that although the White House wants to use the elimination of some business tax preferences to offset a cut in the corporate tax rate, it supports raising revenue from the individual side of the tax code. 'On the business side, we’re very concerned that the statutory rate' is too high to be competitive globally, Lew told the Senate Budget Committee.
"Budget Chairwoman Patty Murray, D-Wash., said she wants to see revenue from eliminating tax preferences go toward higher spending on infrastructure.'There are members on both sides of the aisle who would like to eliminate wasteful expenditures in our tax code — House Ways and Means Chairman Dave Camp recently released a new House Republican tax reform proposal that would get rid of many of them,' Murray said. 'There’s no reason we shouldn’t be able to work together.'"