Senate Finance Committee chairman Orrin Hatch, R-Utah, is asking for ideas, proposals and feedback on tax reform as efforts in Congress heat up on overhauling the federal tax code.
Hatch leads one of the main tax committees in Congress. He recently expressed his openness to changing Senate budget rules to allow tax cuts to be approved for longer than the traditional 10-year budget window with just a 51-vote threshold, even if they add to the deficit (see GOP momentum builds to change rules for longer-lasting tax cuts). Senate Republicans anticipate using a budget reconciliation maneuver to pass their tax reform package as they aren’t counting on votes from Democrats, and they control only 52 votes in the chamber.
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