Tag Archives: Tax and Retirement

Treasury Report on Identifying and Reducing Regulatory Burdens

As you will recall, earlier this year, President Trump issued an Executive Order requiring the Department of Treasury to identify regulations issued during the last year of the Obama Administration that would increase burdens on taxpayers and impede economic growth.  After identifying eight such regulations in an interim report released in June, Treasury last week … Continue Reading

The Prospects for Tax Reform in Trump Town

Legislative Activity The Prospects for Tax Reform in Trump Town With the 115th Congress nearing the end of month two, tax reform continues to be a focal point of the political debate in Washington. Intent to move forward with their tax reform “Blueprint” released in June 2016, Speaker Paul Ryan (R-WI), House Ways and Means … Continue Reading

Tax-Writers Focused, Looking Toward 2017 for Large-Scale Reforms; Treasury Set to Move on Section 385 Regulations

Legislative Activity Lawmakers Look at Specific Tax Policy Priorities with an Eye Toward Tax Reform in 2017 With the House last week having passed various targeted pieces of tax legislation, it is clear that much of the rest of this Congress will be devoted to more narrow asks, though continued efforts in anticipation of tax … Continue Reading

Senate Still Needs To Act To Conference Comprehensive Energy Legislation; Senate Looks At Energy Tax Policy; Interior Seeks Comment On Appropriate Oil and Gas Valuation

Legislative Action Comprehensive Energy Bill As we have previously reported, while the House has voted to go to conference on comprehensive energy legislation and has already appointed its conferees, the Senate has yet to do the same. Work continues in the Senate to clear potential obstacles to agreeing to a conference with the House and … Continue Reading

Environment and Natural Resources

Executive Branch Activity U.S.-China Joint Announcement on Climate Change President Obama and Chinese President Xi Jinping have announced an unprecedented effort to reduce greenhouse gas (GHG) emissions. The target for the United States is to cut its GHG emissions by 26-28 percent below year-2005 levels by 2025. China is expected to increase its share of … Continue Reading

Baucus Releases International Reform Proposal

Tax Legislative Activity Baucus Releases International Reform Proposal On Tuesday, November 19, Senate Finance Committee Chairman Max Baucus (D-MT) released a staff discussion draft on international business tax reform. In his statement, Chairman Baucus indicated that today’s international reform draft is intended to be revenue neutral, but reiterated his position that, as a whole, tax … Continue Reading

Comprehensive Tax Reform to be Delayed

Legislative Activity Comprehensive Tax Reform to be Delayed House Ways and Means Chairman Dave Camp (R-MI) acknowledged last week that plans to overhaul the nation’s tax code may not make it out of committee this year. Although Chairman Camp remained hopeful, he pointed to the government shutdown as slowing momentum and demurred when asked whether … Continue Reading

Ways and Means Holds Hearing on Tax Havens, Base Erosion, and Profit Sharing

Legislative Activity Senate Tax Writing Committee Continues Meetings on Reform The Senate Finance Committee has continued its series of closed-door committee meetings on tax reform, recently issuing an options paper addressing charitable and tax-exempt organizations. The most recent paper is available here. The Committee’s paper on charitable and tax-exempt organizations was the ninth topic covered … Continue Reading

Funding Options for Reauthorization; Lautenberg’s Vacancy; Transit Tax Benefit

Legislative Activity Funding Options for Reauthorization Sen. Barbara Boxer (D-CA), Chairman of the Senate Environment and Public Works Committee, said last week that she plans to reveal potential funding options for the Highway Trust Fund soon. Sen. Boxer supports maintaining a user-fee system for surface transportation programs saying to the Transportation Construction Coalition last Tuesday, … Continue Reading

Congress’ Continued Review of IRS Developments

Legislative Activity Tax Writing Committee Meetings Continue The Senate Finance Committee has continued their series of closed-door Committee meetings on tax reform, recently issuing their latest Option Paper last Thursday, June 6 – this one on Types of Income and Business Entities. The closed-door meetings have facilitated discussion among Senators in an attempt to find … Continue Reading
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