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AMGA Submits Comments on Healthcare Data Transparency

The American Medical Group Association (AMGA) today submitted formal comments to the Senate Finance Committee regarding healthcare data transparency.

Senate Finance Committee Unanimously Approves Tax Court Nominee Pugh

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...

Inversions Should Pave the Way to Reform

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

Tax Inversions

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

Sick of Corporate Tax Defections

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

Corporate Tax Inversion: Quick Fix or Complete Overhaul?

The Senate Finance Committee met Tuesday to address the increasing national concern over corporate tax inversion...

Senate Holds Hearing Today on The Taxation of Income of U.S. Multinational Enterprises

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...

Taxpayer Advocate Report Focuses On Taxpayer Bill Of Rights, Refunds & Tax Exempt Organizations

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 [...]

Business Briefing: Senators Query Hepatitis C Drug’s High Costs

2 months agoHealth : NYT: Health

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.

Games, Spins, Ignorance and Patience

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

Congress Is Back with Much To Do and Consider

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

Highways, Pensions, Deficits and Reform: A Long and Winding Road

“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

Trade Priorities for Soybean and Chicken Producers

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

Film & TV Tax Credit Bill Passes First State Senate Hearing

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

Tax Changes for Highways, Delays and Missing Links

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

Senate Holds a Hearing Today on Student Loans and Tax Policy

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...

Seib Video: A Democratic Plan for Trade With Asia

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.

Sen. Wyden Plugs Free Trade as Chance ‘to Create Good-Paying Jobs’

Senate Finance Committee Chairman Ron Wyden said he’s working to move forward on a free-trade.agenda by emphasizing middle-class job creation.

CA Considers Tax Bill Targeting Clippers Owner Sterling

On Wednesday, the California Senate Finance Committee approved new tax legislation intended to specifically target billionaire Donald Sterling, embattled owner of the NBA's Los Angeles Clippers, the Los Angeles Times reports. The legislation...Show More Summary

Donald Sterling Might Not Be Able to Write Off $2.5 Million Fine as a Business Expense

The California Senate Governance and Finance Committee yesterday passed a bill that would prohibit sports franchise owners from writing off fines imposed by the league as business expenses on their state income tax returns. The law is...Show More Summary

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