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Senate Finance Committee Chairman Ron Wyden, the organizations said that Trade Promotion Authority, or TPA, was outdated and undercuts congressional and public oversight.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
“Are we there yet?” It’s just a little (or a lot) further for the federal Highway Trust Fund. Congress just left for a week-long recess, leaving the Highway Trust Fund nearly empty. The Senate Finance Committee didn’t support Chairman Ron Wyden’s $9 billion tax-raising patch, in spite of Wyden’s willingness to drop some tax increases. Show More Summary
The Senate Committee on Finance held a hearing Wednesday on “Trade Enforcement: Using Trade Rules to Level the Playing Field for U.S. Companies and Workers” addressing concerns that as new trade agreements are being considered those that are already in place are not being adequately enforced. “Without strong enforcement, no trade deal – old or new – is able to... Read More
It got a bit of a rockier ride than previous hearings but today legislation to expand California’s current $100 million Film and TV Tax Credit program was approved by the state Senate’s Governance and Finance Committee. In a 4-0 vote,...Show More Summary
The Senate Finance Committee takes their turn as “The Highway Men.” They’ll consider tax changes for more highway funds tomorrow with Chairman Ron Wyden’s bill to keep the Highway Trust Fund solvent through the end of the year. The plan would raise $9 billion in tax revenue over ten years. Show More Summary
The Senate Finance Committee holds a hearing today on Less Student Debt from the Start: What Role Should the Tax System Play?: Mark J. Mazur (Assistant Secretary for Tax Policy, U.S.Treasury Department) Jayne Caflin Fonash (Director of School Counseling, Loudoun Academy of Science, Sterling, VA) Scott A. Hodge (President, Tax...
Sen. Ron Wyden, chairman of the Senate Finance Committee, told Washington Bureau Chief Jerry Seib he's working to set up a new bipartisan coalition that soon can move a free-trade agenda by refocusing the debate to emphasize middle-class job creation.