Congressman States that the TCJA will not be Amended, Despite EU Criticism
Posted on Jun 7, 2018 in International Tax, News
Rep. Peter Roskam, a Republican member of the House Ways and Means Committee, stated at a conference that, despite criticism from EU officials, Congress does not intend to amend the Tax Cuts and Jobs Act (TJCA). Some EU officials have been particularly critical of the foreign-derived intangible income provision, arguing that the provision essentially acts as an export subsidy which...
House Sends Tax Cuts and Jobs Act to Conference Committee
Posted on Dec 5, 2017 in News
The House voted Monday to send the Tax Cuts and Jobs Act to conference committee to resolve the differences between the House and Senate versions of the bill. The committee has 14 House total members, 9 Republican and 5 Democratic. The Republican members are: Keven Brady (the Chair of the House Ways and Means Committee), Ron Bishop, Diane Black, Kristi Noem, Devin Nunes, Peter Roskam,...
GOP Fears President’s Volatile Relationships Could Jeopardize Tax Reform
Posted on Aug 18, 2017 in News
President Trump’s declining relationship with his party and the business community could endanger passage of a tax reform bill. House Ways and Means Committee Chairman Kevin Brady stated that tax reform, which he described as the “signature issue of this presidency,” can only succeed if the President “gets on board and stays on board.” In the wake of distracting events and the...
Republicans Confident on Selling Tax Reform
Posted on Aug 16, 2017 in News
The GOP believes it will have an easier time selling the American populace on tax reform than it did on Healthcare reform. In order to elicit support, Republican lawmakers intend to emphasize the effects of tax reform policies on their constituents, including tax cuts, more jobs, more take-home pay, and a simpler tax code. According to political strategists, stripping tax preferences...
House Ways and Means Committee Plans to Permit Interest Deductions for Small Businesses
Posted on Jul 17, 2017 in News, Pass-through Taxation
Rep. Peter Roskam, the Chairman of the Subcommittee on Tax Policy for the House Ways and Means Committee, has commented that they are “actively working” to exempt small businesses from the provision contemplated by the House Republican Blueprint that would deny deductions for net interest expense. The Chairman noted that they are sensitive to those who have no access to capital except...
Roskam Announces Fourth House Ways and Means Committee Hearing on Tax Reform
Posted on Jul 13, 2017 in News
Peter Roskam, Chairman of the House Ways and Means Tax Policy Subcommittee, has announced that the Committee will hold its fourth hearing on tax reform, titled “How Tax Reform will Simplify our Broken Tax Code and Help Individual Families,” on July 19th at 2:00 pm. The hearing will focus on simplifying the tax code, reducing the burden on American families and individuals, and...
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 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...
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...