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Senate Holds Hearing on Tax Reform, Growth and Efficiency

The Senate Finance Committee held a hearing yesterday on Tax Reform, Growth and Efficiency: Orrin Hatch (R-UT) Ron Wyden (D-OR) Michael Boskin (Stanford) John Diamond (Rice) Laura Tyson (UC-Berkeley) Jane Gravelle (Congressional Research Service) In connection with the hearing, the Joint Committee on Taxation released Economic Growth And Tax Policy...

NDGOP Chairman Breaks Rules Lobbying For Wind Energy Company

Earlier today a Republican lawmaker forwarded me this photo of  a letter distributed by Robert Harms to the Senate Finance and Tax Committee. In the letter, on Harms Group letterhead, Harms (who is also the Chairman of the North Dakota Republican Party) describes himself as “the lobbyist for Tradewind Energy.” The problem? Well as 9:51am...

Tax Preferences, Investigations, and Settlements

Senator Hatch: The rich may pay more under tax reform but he won’t raise their rates. The Finance Committee Chairman said after yesterday’s hearing that while he would not raise rates on upper-income taxpayers, those folks might have...Show More Summary

Senate Holds Hearing Today On Lessons From The 1986 Tax Reform

The Senate Finance Committee holds a hearing today on Getting to Yes on Tax Reform: What Lessons Can Congress Learn from the Tax Reform Act of 1986?: Orrin Hatch (R-UT) Ron Wyden (D-OR) Bob Packwood (Former Chair, Senate Finance Cmmittee) Bill Bradley (Former Member, Ways & Means Committee) Press and...

A Replacement, A Vision, and Promises

An Obamacare replacement?  Senate Finance Committee chair Orrin Hatch, House Energy and Commerce chair Fred Upton, and GOP Senator Richard Burr have released their health reform plan, called the Patient CARE Act. The proposal, similar...Show More Summary

Sen. Thune Highlights Tax Issues with Treasury Secretary Jack Lew

Feb. 5- U.S. Senator John Thune (R-S.D.), member of the tax-writing Senate Finance Committee, questions U.S. Department of Treasury Secretary Jack Lew about the president’s proposal to add a second death tax on family farms and businesses. A news release today from Sen. Thune indicated that, “[Sen. Thune] today at a hearing before the Senate […]

Republicans Propose Alternative to Obamacare

Three Republican Congressmen—Senator Orrin Hatch, chair of the Finance Committee; Representative Fred Upton, chair of the Energy and Commerce Committee; and Senator Richard Burr, member of the Finance and Health committees—have proposed an alternative to the Affordable Care Act. Show More Summary

Will China Help End U.S. Farm Subsidies?

K. William Watson This morning, U.S. Trade Representative Mike Froman appeared before the Senate Finance Committee to talk and answer questions about U.S. trade policy. Most of the questions centered around trade promotion authority,...Show More Summary

U.S. Senator Says Expects Fast-track Trade Bill In February

WASHINGTON (Reuters) - The head of the Senate committee responsible for trade said on Tuesday he hopes to present a bill to streamline the passage of trade deals through the U.S. Congress in February. Senate Committee on Finance Chairman...Show More Summary

Three Trade Keys to Unlock Growth in Manufacturing and Higher-Paying Jobs

As the Senate Finance and House Ways and Means Committees hold hearings today on “President Obama’s 2015 Trade Agenda,” manufacturersRead the Rest...

Hatch Sees Warren as the New Kennedy

Sen. Orrin Hatch (R-UT) told Yahoo News that he thinks Sen. Elizabeth Warren (D-MA), “who showed up at a well-attended reception to celebrate Hatch’s chairmanship of the Senate Finance Committee and said a few words in his honor, would like [...] The post Hatch Sees Warren as the New Kennedy appeared first on Political Wire.

Is Obama's State of Union Speech a Call for Class Warfare?

We hear it every time raising taxes on the rich are even suggested. The phrase "class warfare" comes up. Yesterday Sen. Orrin Hatch, the new President pro temp ore of the Senate and Chair of the Senate Finance Committee, used the phrase...Show More Summary

The Tax Reform Gap Between Obama and the GOP is Widening

In his state of the union address, President Obama laid out his vision for the tax code. Earlier in the day, in a speech to the Chamber of Commerce, Senate Finance Committee chair Orrin Hatch (R-UT) described his. They are not only on different planets. Show More Summary

Congress, on Retreat with a Small Step toward Tax Reform

The Daily Deduction will return Tuesday, after the Martin Luther King, Jr., holiday. The Senate Finance Committee has created five new working groups for tax reform. The bipartisan groups will address provisions of the tax code thatShow More Summary

What To Make of the Senate Finance Committee’s Tax Reform Workgroups

The Senate Finance Committee has created five bipartisan working groups to develop ideas for comprehensive tax reform by the end of May.  It is a good idea. But it is unlikely to accelerate the panel’s timetable for producing legislation. Show More Summary

Tax Roundup, 1/9/15: Senators: preparers aren’t doing a good enough job on the tax law we’ve butchered.

Senators get behind IRS preparer regulation power grab. Accounting Today reports: Two Democrats on the Senate Finance Committee have introduced legislation […]

Here’s The Ugly Truth For North Dakota About Oil Prices: Nobody Really Knows

“It’s a big, black cloud hanging over the session,” Senator Dwight Cook, a Republican from Mandan and chairman of the Senate Finance and Taxation Committee, said of oil prices recently as North Dakota’s 2015 legislative session begins. He’s not kidding. State policymakers are staring down the barrel of not one but two oil tax triggers...

Clip ‘N Save: Orrin Hatch’s Tax Reform Principles

In a few weeks, veteran Utah Republican Orrin Hatch will become chair of the Senate Finance Committee. Soon after, the panel may begin tackling tax reform. While there is good reason to be skeptical about how far a tax code rewrite will...Show More Summary

U.S. Expats Find Hope in Senate Finance Tax Reform Proposal

Is it a straw in the wind? Last week's report on tax reform from the Republican staff of the U.S. Senate Committee on Finance has caused a flutter in the global expat community.

Georgia Senators Receive Committee Assignments

We’ve received word of committees Georgia Senators have been assigned to in the new Congress: David Perdue: Agriculture, Nutrition and Forestry Budget Foreign Relations Judiciary Special Committee on Aging Johnny Isakson Finance Foreign...Show More Summary

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