The two leaders of the Senate Finance Committee have offered to take a “blank slate” approach as a starting point for tax reform, in which there would be virtually no tax breaks available, and called on their Senate colleagues to provide suggestions on which tax provisions need to be added back and improved in a reformed tax code.
“Over the past three years, the Finance Committee has been working hard on tax reform on a bipartisan basis,” Senate Finance Committee chairman Max Baucus, D-Mont., and ranking Republican member Orrin Hatch, R-Utah, wrote in a letter to colleagues. “We’ve held more than 30 hearings and heard from hundreds of experts on reforming the tax code. We’re now entering the home stretch. We need your input and partnership to get tax reform over the finish line.”
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access