Tax Reform Hearing Addressing Benefits for Small Businesses and Job Creation set for July 13
Posted on Jul 6, 2017 in News
Peter Roskam, Chairman of the House Ways and Means Tax Policy Subcommittee, has announced that the next hearing on tax reform will be held on July 13th at 10:00 AM. The hearing will focus on how tax reform will benefit small businesses and help them create jobs, featuring testimony from small business owners. Roskam Announces Tax Policy Subcommittee Hearing on How Tax Reform Will Help...
Brady Touts “Big, Bold, Permanent Tax Reform”
Posted on Jun 29, 2017 in News
House Ways and Means Committee Chairman Kevin Brady, during an interview with Stuart Varney of the Fox Business Network, identified four of the most important aspects of tax reform as: (1) cutting the corporate tax rate; (2) cutting the small business tax rate; (3) cutting the individual tax rate; and (4) full and unlimited expensing. Brady ensured that, despite time concerns, Congress...
Brady Announces Two Tax-Reform Hearings for July
Posted on Jun 27, 2017 in News
House Ways and Means Committee Chairman Kevin Brady has announced that the committee will hold two tax reform hearings in July. The first hearing will focus on the benefits of tax reform for small businesses, while the second will concentrate on the benefits for families and individuals. No decision has been made as to whether the hearings will occur before the full committee or only...
White House Version of the Tax Bill Reportedly to Be Ready by Labor Day
Posted on Jun 5, 2017 in News
Faced with growing Republican discontent over the Trump Administration’s lack of definitive tax legislation, White House economic advisor Gary Cohn projects that Congress will receive President Trump’s detailed tax proposal by the time Lawmakers return from the August recess. If delivered, the proposal would have to share attention with Congressional efforts to raise the debt limit and...
Brady Suggests Reports of Border Adjustment Tax’s Death Are Greatly Exaggerated
Posted on May 26, 2017 in News
House Ways and Means Chairman Kevin Brady, acknowledging the dissension surrounding the border adjustment tax, remains stalwart that it is a “critical” component of the House GOP’s tax reform agenda. Chairman Brady reports working with the White House and the Senate to resolve opposition to the plan, projected to raise nearly a trillion dollars in revenue to offset a...
Ways and Means Committee Hears Testimony on Border Adjustment Tax
Posted on May 24, 2017 in News
On Tuesday, May 23rd, the House Ways and Means Committee, led by Chairman Kevin Brady, held its second hearing on tax reform, entitled “Increasing U.S. Competitiveness and Preventing American Jobs from Moving Overseas.” The hearing concentrated on the practicality and effects of the proposed border adjustment tax on the economy. Chairman Brady was critical of the ‘Made in America’...
Joint Committee on Taxation Releases Report on Destination-Based Taxes and Border Adjustment.
Posted on May 23, 2017 in News
In anticipation of the House Ways and Means Committee hearing on the border adjustment tax included in the House Republicans’ Blueprint, the Joint Committee on Taxation has released a report on destination-based taxes and border adjustment. The report discusses the rationale behind destination-based taxes and describes various proposals for destination-based taxes leading up to the...
House Ways and Means Committee Holds First Hearing on Tax Reform.
Posted on May 19, 2017 in International Tax, News
Led by Chairman Brady, the House Ways and Means Committee held its first hearing on tax reform Thursday. The hearing and witnesses focused mainly on provisions advanced by House Republicans in their Blueprint, including immediate expensing and the impact of a lower corporate tax rate on investment and manufacturing. The witnesses testifying before the Committee included: John J....
Despite a Bleak Outlook, Tax Reform Hearing on Border Adjustment Tax Announced
Posted on May 17, 2017 in News
The House Committee on Ways and Means will hold a hearing on May 23 at 10:00 a.m., entitled “Increasing U.S. Competitiveness and Preventing American Jobs from Moving Overseas,” focusing on the impact of a border adjustment tax and other policies on job, investment and economic growth in the United States. While Senate Majority Leader Mitch McConnell does not foresee legislation...
Brady and Roskam Announce Hearing on Tax Reform
Posted on May 12, 2017 in News
Ways and Means Chairman Kevin Brady and Tax Policy Subcommittee Chairman Peter Roskam have announced that the first hearing on tax reform, focusing on policies to benefit economic growth and job creation, will be held on Thursday, May 18 at 10 a.m. Chairman Brady indicated that tax reform legislation could be introduced in June. Hearing on How Tax Reform Will Grow Our Economy and...
Rep. Brady Declares Border Adjustability Still a Priority After Release of Trump’s Tax Proposal
Posted on May 6, 2017 in News
Representative Kevin Brady stated in an interview with WND/Radio America that despite the Trump administration not mentioning the border adjustment tax in its tax reform proposal released two weeks ago, border adjustability was “still a priority.” The chairman of the House Ways and Means Committee characterized the tax as necessary since American “competitors,” including China, Japan...
Trump’s Tax Plan Causes Divisions Within the Republican Party
Posted on May 2, 2017 in News
Following a two-day tax policy retreat, Peter Roskam, Chairman of the House Ways and Means Subcommittee on Taxation, indicated that the committee is still committed to writing tax reform legislation that is revenue neutral and therefore can be permanent under the Senate’s budget reconciliation rules. That contrasts with Trump’s tax plan, which is projected to increase the federal...
Ways and Means to Hold Tax Reform Hearings
Posted on Apr 18, 2017 in News
The House Ways and Means Committee will conduct hearings on tax reform in the coming weeks, working toward the goal of passing tax reform by the end of the year. Rep. Peter Roskam (R-Ill.), Chairman of the Tax Policy Subcommittee, will select witnesses and draft the hearing topics, which will focus on elements of the House Republicans’ tax blueprint. Read more at: GOP chairman: Ways...