Brady to Take Over as Head of House Tax-Writing Panel

By James Rowley, Bloomberg Business. 

In his first big personnel decision, House Speaker Paul Ryan put the committee that writes U.S. tax law in the hands of Texan Kevin Brady, who agreed to stand aside last year when Ryan wanted that chairmanship.

Brady, who’s finishing his 19th year in Congress, will be in charge of guiding the Ways and Means Committee as it considers whether to revive dozens of tax incentives that lapsed at the end of 2014.

“He’s a proven leader on a lot of our issues,” said Cathy McMorris Rodgers, the Republican Conference chairwoman.

Read more...