The European Commission (i.e. the European Union’s Executive Body) has started a new 5-year political mandate on 1 December 2019 under the leadership of its new President, the German Ursula von der Leyen. Three overarching priorities are woven into the EC policy agenda 2019-2024: (1) sustainability/climate neutrality (under the new European Green Deal), (2) digitalization … Continue Reading
Legislative Activity Ways and Means to Hold Markup of Six Extender Bills On Tuesday, April 29, the House Ways and Means Committee will hold a markup of six bills to permanently extend the business tax provisions discussed in the Committee’s hearing on April 8. The bills are: HR 4429, “To amend the Internal Revenue Code … Continue Reading
Tax Legislative Activity Baucus Releases Final Proposal on Cost Recovery and Accounting On Thursday, November 21, Senate Finance Committee Chairman Max Baucus (D-MT) issued his final release in a series of staff discussion drafts to reform the nation’s tax code, this one on cost recovery and accounting. Proposal Summary In making the case for reforming … 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
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 its tenth and final option paper on non-income tax issues and related reforms. A list of all the option papers published is available here. Senate Finance Committee Chairman … Continue Reading
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
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
