Roskam Announces Fourth House Ways and Means Committee Hearing on Tax Reform
Posted on Jul 13, 2017 in News
Peter Roskam, Chairman of the House Ways and Means Tax Policy Subcommittee, has announced that the Committee will hold its fourth hearing on tax reform, titled “How Tax Reform will Simplify our Broken Tax Code and Help Individual Families,” on July 19th at 2:00 pm. The hearing will focus on simplifying the tax code, reducing the burden on American families and individuals, and...
Senate Finance Committee Announces Tax Reform Hearing
Posted on Jul 12, 2017 in News
The Senate Finance Committee, led by Chairman Orrin Hatch, will convene a tax reform hearing on July 18 at 9:00 am titled “Comprehensive Tax Reform: Prospects and Challenges.” The hearing, featuring testimony from four former Treasury Assistant Secretaries for Tax Policy, will examine the challenges faced by Congress in enacting tax reform to promote economic growth and...
Global Minimum Tax Under Consideration for Tax Reform
Posted on Jul 12, 2017 in News
The Senate is reportedly exploring the possibility of a global minimum tax, an idea which has historically had some bipartisan support. One approach being considered is a version of the provision that was included in the 2014 tax reform legislation proposed by Dave Camp, the former chairman of the House Ways and Means Committee. That proposal, which generally had the effect of a...
Legislative Affairs Chief Predicts Unified Tax Plan in July
Posted on Jul 11, 2017 in News
White House legislative affairs chief Marc Short has stated that the Trump Administration intends to have a unified tax reform plan in place prior to Congress’ August recess, accelerating Treasury Secretary Steven Mnuchin’s previously stated target of early September. White House spokesperson Natalie Strom confirmed the July goal, adding that the unified proposal will be used to ready...
Tax Reform Hearing Addressing Benefits for Small Businesses and Job Creation set for July 13
Posted on Jul 6, 2017 in News
Peter Roskam, Chairman of the House Ways and Means Tax Policy Subcommittee, has announced that the next hearing on tax reform will be held on July 13th at 10:00 AM. The hearing will focus on how tax reform will benefit small businesses and help them create jobs, featuring testimony from small business owners. Roskam Announces Tax Policy Subcommittee Hearing on How Tax Reform Will Help...
Cohn Optimistic for Tax Reform Regardless of Health Bill Progress
Posted on Jul 5, 2017 in News
Gary Cohn, the White House chief economic advisor, is confident that tax reform will occur in September regardless of any healthcare reform bill progress, stating that the Trump Administration will be 100% engaged in tax reform after the August recess. Cohn also defended the administration’s goal of 3% gross domestic product growth, calling it “very realistic.” Tax reform is coming in...
House Freedom Caucus and Tuesday Group at Odds Over 2018 Budget Resolution
Posted on Jul 5, 2017 in News
Amidst debate surrounding major spending cuts to the budget, the House Budget Committee canceled recent plans to send a budget resolution for fiscal year 2018, a prerequisite to passing tax reform in the Senate without support of Democrats, to the House floor. The conservative Freedom Caucus will only support a budget resolution if it includes cuts to welfare programs such as...