Mayor de Blasio steered at least one massive donation to a suburban county Democratic committee that promptly funneled the money to two state Senate candidates — taking advantage of a huge loophole in campaign finance rules.
Former Chairman of the Democratic Senatorial Campaign Committee, Chuck Schumer (D. NY), and current Vice Chairman for Finance of the National Republican Senatorial Committee, Rob Portman (R. OH), both appeared on "Meet the Press" this morning to predict the outcome of the 2014 midterms: SEN. Show More Summary
Congress is in recess through the mid-term elections. The Daily Deduction will post each Monday until then. What’s a multinational to do? Where is it to go? Senator Dick Durbin and Senate Finance Committee Chair Ron Wyden seem pleased that Chicago-based AbbVie’s decided to drop its deal with Dublin-based Shire. Show More Summary
United States Senate Committee on Finance U.S. Senator Orrin Hatch (R-Utah), Ranking Member of the Senate Finance Committee, and Lamar Alexander (R-Tenn.), Ranking Member of the Senate Health, Education, Labor and Pensions (HELP) Committee,...Show More Summary
We were pleased to see the Senate Finance Committee on September 17th continuing to lay the foundation for comprehensive taxRead the Rest...
the Senate Finance Committee held a hearing on energy tax reform, the EPA extended the comment period on its proposed Clean Power Plan, and the D.C. Circuit Court of Appeals declined to review a ruling on a Federal Energy Regulatory Commission demand response regulation. read more
Approximately 600 organizations have sent a formal, public letter to Senate Finance Committee Chairman Ron Wyden (D-Ore.) opposing "fast-track" trade promotion authority and calling for a new system for negotiating and implementing trade agreements. Show More Summary
The National Republican Senatorial Committee isn’t planning on plowing any further money into David Perdue’s Senate campaign, according to Rob Portman, the NRSC’s Finance Chairman. Portman indicated that the campaign arm would be focusing on other races it thinks are winnable for the remaining six weeks of the campaign. Politico has the details: “I don’t […]
Senate Finance Committee Chairman Ron Wyden, the organizations said that Trade Promotion Authority, or TPA, was outdated and undercuts congressional and public oversight. The groups, led by the Sierra Club, AFL-CIO, the Communications...Show More Summary
The American Medical Group Association (AMGA) today submitted formal comments to the Senate Finance Committee regarding healthcare data transparency.
The Senate Finance Committee on Friday unanimously approved the nomination of Cary Douglas Pugh to the U.S. Tax Court: (June 6, 2014): Cary Douglas Pugh is currently Counsel in the tax department at Skadden, Arps, Slate, Meagher & Flom, L.L.P., a position she has held since 2005. From 2002 to...
The late Senator Russell Long of Louisiana, who served many years as chairman of the Senate Finance Committee, gave a classic rationale for tax policy: "Don't tax you, don't tax me, tax that fellow behind the tree." The Obama administration is making a mighty fuss about the perceived evils of tax inversions -- the process by which U.S. Show More Summary
Inversions Should Pave The Way To Reform - by Jerry Jasinowski The late Senator Russell Long of Louisiana, who served many years as chairman of the Senate Finance Committee, gave a classic rationale for tax policy: "Don't tax you, don't...Show More Summary
This week the U.S. Senate Committee on Finance held a hearing entitled "The U.S. Tax Code: Love It, Leave It, or Reform It!" where the focus was on the corporate tax maneuver called inversions. Inversions occur when corporations purposely...Show More Summary
The Senate Finance Committee met Tuesday to address the increasing national concern over corporate tax inversion...
The Senate Finance Committee holds a hearing today on The U.S. Tax Code: Love It, Leave It or Reform It!: Mihir Desai (Harvard University) Peter Merrill (PricewaterhouseCoopers) Leslie Robinson (Dartmouth College) Pascal Saint-Amans (OECD) Allan Sloan (Fortune) Robert Stack (U.S. Treasury Department) In connection with the hearing, the Joint Committee...
It’s that time of year: the National Taxpayer Advocate, Nina Olson, has submitted her mid-year report to the House Committee on Ways and Means and the Senate Committee on Finance. The Taxpayer Advocate is required by statute to submit two reports each year. Those reports are submitted directly to Congress without any prior review or [...]
Two members of the Senate Finance Committee asked Gilead Sciences to defend the more than $80,000 cost of Sovaldi, citing the expense to federal health care programs.
Congress keeps playing with the Highway Trust Fund—but why? The House Ways & Means Committee approved its effort to fund the Highway Trust Fund through May, 2015. To reach a bipartisan deal, the Senate Finance Committee ultimately took a slightly different approach in a $10.8 billion proposal to finance roads and transit. Show More Summary
On the Hill this week: The House may vote to make bonus depreciation permanent. The Senate Finance Committee may present a transportation funding plan reflecting a compromise with the House Ways and Means Committee. The House Oversight and Government Reform Committee has scheduled a hearing on incorrect Earned Income Tax Credit payments. Show More Summary