Tax Policy Center

Ron Wyden

Federal Budget and Economy: TaxVox
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
: TaxVox
Congress is in recess. The Daily Deduction will return to its regular schedule on Monday, July 6. Wyden promises tax changes in the wake of the Supreme Court’s decision on same-sex marriage. Following the Obergefell v. Hodges decision, senior Senate Finance Committee Democrat Ron Wyden said Friday
June 29, 2015Renu Zaretsky
Individual Taxes: TaxVox
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. The task forces won't develop many new ideas. Let’s be honest
January 15, 2015Howard Gleckman
: TaxVox
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
October 20, 2014Renu Zaretsky
: TaxVox
Income inequality may shrink state tax revenues. A new report from Standard & Poor’s tells the tale. Incomes have grown rapidly among the wealthy, but have barely kept pace with inflation for many others. But high income earners both shelter their income from taxes and save more, reducing state
September 16, 2014Renu Zaretsky
: TaxVox
Have it your way… unless you’re Burger King. Five Senate Democrats—Illinois’ Dick Durbin, Michigan’s Carl Levin, Rhode Island’s Jack Reed, Vermont’s Bernie Sanders and Ohio’s Sherrod Brown—asked Burger King to not move its legal headquarters to lower-tax Canada. They accused it of trying to avoid
September 12, 2014Renu Zaretsky
: TaxVox
Maybe the duck will walk again? Lawmakers are putting down their markers on anti-inversion legislation. Top Senate Democrats Dick Durbin and Chuck Schumer have introduced a bill to curb “earnings-stripping” by multinational corporations—a practice where firms maximize U.S. tax deductions for
September 11, 2014Renu Zaretsky
: TaxVox
There’s tougher talk from Treasury. Secretary Jack Lew affirmed administrative authority to curb inversions, telling Bloomberg that “If Congress doesn’t act, we have to take the steps we can, which will reduce the economic value of inversions .” There’s more talk on the Hill, too. Senate Finance
September 10, 2014Renu Zaretsky
Individual Taxes: TaxVox
The Treasury Department put out the word that Secretary Jack Lew is considering regulatory curbs on corporate tax inversions, a step that may be intended to increase pressure on Congress to act once it returns from its summer recess in September. The matter of how much authority Treasury has to
August 19, 2014Howard Gleckman
: TaxVox
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. Tax code
June 25, 2014Renu Zaretsky