Legislative Activity How About That Hearing?: The Tax Reform Saga Continues After speculation by some that the House Ways and Means Committee would hold the first hearing on its tax reform proposal this week, no such hearing was ultimately scheduled. That said, tax-writers are continuing to work to push forward their tax reform efforts. Our … Continue Reading
Legislative Activity Tax Reform Still in Ryan’s Sights Despite Boehner’s Departure Last week, following the sudden announcement by House Speaker John Boehner (R-OH) that he would be stepping down from Congress at the end of October, House Ways and Means Committee Chairman Paul Ryan (R-WI) and various other Committee members quickly confirmed that the Committee … Continue Reading
Legislative Activity Camp Expected to Release Tax Reform Discussion Draft This week, House Ways and Means Committee Chairman Dave Camp (R-MI) is expected to release his long-awaited plan for comprehensive tax reform. It is anticipated that the proposal will be released in discussion draft form, rather than as introductions legislation. Patton Boggs will provide an … Continue Reading
Tax Legislative Activity January 1 Passes and Tax Extenders Allowed to Expire No agreement was reached by January 1, 2014 on renewing many tax code provisions that expired on December 31, 2013. These provisions, commonly referred to as “tax extenders”, include the research and development credit, wind credit and the exception for active financing, among … Continue Reading
Tax Legislative Activity Congressman Says Tax Extenders Could be Handled this Spring Representative Richard Neal (D-MA), a member of the House Ways and Means Committee, stated that if comprehensive reform stalls, the committee could take up tax extenders “sometime around February or March.” Tax extenders are provisions that are due to expire at the end … Continue Reading
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
Tax Legislative Activity Senate Finance Chairman Announces Drafts to be in Legislative Language Senate Finance Committee Chairman Max Baucus (D-MT) announced last week that tax reform discussion drafts to be released in the coming weeks will be written in legislative language. This suggests that the drafts will be detailed, allowing for a full public preview … Continue Reading
Tax Legislative Activity Senate Finance to Release Tax Reform Proposals Last week, Senate Finance Committee Chairman Max Baucus (D-MT) announced that he intends to release tax reform discussion drafts in the coming weeks. Despite a considerable amount of speculation, the focus and level of specificity of the drafts remain unclear. Chairman Baucus has indicated that “anything’s … Continue Reading
