senate finance committee

The Two GOP Tax Plans Differ In Details But Both Are Big Tax Cuts For Business, Modest Reductions For Households

While many analysts are focusing on the differences between the House Ways & Means Committee’s tax cut and the just-released version proposed by Senate Finance...

November 10, 2017Howard Gleckman

: TaxVox

Eight Thoughts on Business Tax Reform

Today I had the chance to testify before the Senate Finance Committee on business tax reform. Here are my opening remarks. You can find my...

September 19, 2017Donald Marron

: TaxVox

My Advice To The Senate Finance Panel About Tax Reform

On July 18, four former assistant Treasury secretaries for tax policy testified before the Senate Finance Committee on the prospects and challenges of achieving tax...

July 19, 2017Mark J. Mazur

Campaigns, Proposals, and Reforms: TaxVox

The Prospects For Tax Reform in 2017 Are Dimming

It seems that every day, the prospects for tax reform dim a bit more. This is what’s happened in just the past few days: Last...

February 2, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Memo to Steven Mnuchin: Trump’s Tax Plan Would Add $7 Trillion to The Debt Over 10 Years

At his Senate Finance Committee confirmation hearing today , Steven Mnuchin, President-elect Trump’s choice to head the Treasury Department, seemed somewhat confused about the Tax...

January 19, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Wyden Pursues Tax Reform for Derivatives, which is Long Overdue

Yesterday, top Senate Finance Committee Democrat Ron Wyden proposed major changes in the taxation of financial derivatives, contracts such as swaps, options, and forwards that derive their value from an underlying asset or index. The key to his proposal is a requirement that dealers annually mark-

May 19, 2016Steven M. Rosenthal

Business Taxes: TaxVox

A Broader Perspective on Corporate Tax Reform

Just about everyone wants to redesign the corporate tax, but there is little agreement among lawmakers or policy analysts on how to pay for such a reform. At a Senate Finance Committee hearing today , Tax Policy Center co-director Eric Toder urged lawmakers to think beyond the traditional cut-the-rates, broaden-the-base solution.

April 26, 2016Howard Gleckman

Individual Taxes: TaxVox

Congress May Be About To Miss a Chance to Fix A Tax Prep Problem

The Senate Finance Committee is about to miss an opportunity to fix a problem Congress has been complaining about for years. Tomorrow, the panel is planning to mark up a multi-part IRS bill . But it will leave out an important provision that would allow the agency to set minimum standards for paid

April 19, 2016Howard Gleckman

: TaxVox

Big Talk, Growing Opposition

Can the Senate pass a highway bill? Last night, the Senate finally voted to begin debate on its version of a transportation bill. But it is in for a tough slog thanks in part to two GOP presidential hopefuls. Ted Cruz has threatened to tie the Iran deal to the measure. The Texan wants an amendment

July 23, 2015Renu Zaretsky

Federal Budget and Economy: TaxVox

Finance Committee Working Groups: Tax Reform is Hard

After six months and two extensions, the Senate Finance Committee’s five tax reform working groups presented their reports today to panel chair Orrin Hatch (R-UT) and top Democrat Ron Wyden (D-OR). For the most part, they reached no consensus on either specific reforms or a broad design for overall

July 8, 2015Howard Gleckman