Eversheds Sutherland Tax Reform Law Blog
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Does the Absence of Tax Provisions in Budget Deal Signal End to Tax Revenue Raisers in Budget Negotiations? Republicans Want to Think So…

Congressional Republicans claimed victory over the absence of tax revenue in the negotiated budget deal brokered by Representative Paul Ryan (R-Wisc.) and Senator Patty Murray (D-Wash.).  Republicans view the budget deal as setting a precedent that any future deficit reduction should not include increased tax revenues.  Rep. Ryan claimed “[t]axes are part of tax reform, and...

Ryan, Murray Are Close to a Budget Deal — Without Tax Provisions

Representative Paul Ryan (R-Wis.) and Senator Patty Murray (D-Wash.), leaders of the Congressional budget conference, are close to finalizing a deal for the 2014-2015 budgets.  Despite earlier efforts by Democrats in the budget conference to raise revenue by closing tax loopholes (see our prior post), the rumored compromise will raise revenue through fee increases – no tax increases...

Democratic Budget Negotiators Target “Tax Loopholes”

Democrats in the House-Senate budget conference committee are pushing for the elimination of “tax loopholes” to offset the cost of replacing automatic spending cuts from sequestration.  Chairwoman of the Senate Budget Committee, Patty Murray (D-Wash.) has recently signaled the desire to cut what she describes as “tax breaks”, writing in an op-ed that “Republicans have to work with us...

Party Leaders: No “Grand Bargain” on Budget

House Budget Committee Chairman Paul Ryan (R-Wis.) and Senator Majority Leader Harry Reid (D-Nev.) can agree on one thing:  a “grand bargain” involving tax increases and changes to entitlement programs such as Medicare and Social Security will not be part of any upcoming budget deal.  Instead, party leaders are focusing their attention on a smaller-scale agreement, as the parties seek...