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Tax Foundation: Blank Slate Can Grow Economy If Done Right

On October 2, the Tax Foundation published a report by Michael Schuyler that studies the potential effects on economic growth of the “Blank Slate” approach to tax reform proposed by Senators Max Baucus (D-Mont.) and Orrin Hatch (R-Utah).  The report outlines a number of growth models based on different combinations of eliminating tax expenditures and corresponding rate cuts and...

Baucus Considers Reform “Inevitable” and Remains Confident in “Blank Slate” Approach

Senate Finance Committee Chairman Max Baucus (D-Mont.) continues to promote his “Blank Slate” approach to rewriting the tax code.  Under this approach, all tax expenditures and special provisions would be subject to possible elimination, unless there is “clear evidence” that the expenditure or provision helps grow the economy, makes the tax code fairer, or effectively promotes...

Reid Calls for Revenue Target in Tax Reform

No one should accuse Senate Majority Leader Harry Reid (D-Nev.) of being vague. In response to whether the “Blank Slate” plan of Senators Baucus (D-Mont.) and Hatch (R-Utah) should be revenue neutral or revenue raising, the Senate’s top democrat is taking it one further – start with a revenue target. Said Sen. Reid: “We have to have a revenue target. I think there should be a...

Survey Says: Blank Slate Getting Mostly Silence from Senators

The July 26 deadline will soon arrive for senators to submit their “Blank Slate” tax reform suggestions to Senators Max Baucus (D-Mont.) and Orrin Hatch (R-Utah). Sens. Baucus and Hatch want their colleagues to tell them, in writing, which tax expenditures to keep and which to dump. But a survey conducted by Tax Analysts of all senators not named Baucus or Hatch indicates...

Simpson and Bowles Make the Case for the “Blank Slate”

Alan Simpson and Erskine Bowles, co-chairmen of the National Commission on Fiscal Responsibility and Reform and creators of the “Simpson-Bowles” plan, threw their support behind the recent “Blank Slate” proposal by Senators Max Baucus (D-Mont.) and Orrin Hatch (R-Utah). Both men hailed “the efforts and leadership of Sens. Baucus and Hatch, along with the...

Sen. Baucus Reverses Course – Will Keep Tax Reform Proposals Private

Senators making suggestions to Senator Max Baucus (D-Mont.) on his tax reform plan will now get to do so behind closed doors.  Sen. Baucus previously proposed a “blank slate” approach to tax reform, effectively removing all tax expenditures from the tax code.  Sen. Baucus called on his colleagues to submit ideas and defend any tax expenditure they felt should be left.  A...

Baucus, Hatch Call for “Blank Slate” Reform Met with Mixed Reactions

The call for a “blank slate” approach to tax reform by Senators Max Baucus (D-Mont.) and Orrin Hatch (R-Utah) was met with mixed reactions on and off Capitol Hill.  House Ways and Means Chairman Dave Camp (R-Mich.) praised the move, calling the announcement “welcome news for Americans who deserve a simpler, flatter, fairer tax code that leads to more jobs and higher wages.” ...

Baucus and Hatch Want to Start from Scratch

Calling the current tax code “littered with preferences for special interests,” Senators Max Baucus (D-Mont.) and Orrin Hatch (R-Utah), the chair and ranking member of the Senate Finance Committee, have proposed a “blank slate” approach to tax reform.  Sen. Baucus and Sen. Hatch have sent a “dear colleague” letter to their fellow senators, proposing to reduce tax rates and...

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