Orrin Hatch

Senate Finance Committee Chairman Orrin Hatch questioned President Donald Trump’s call to end a tax break for electric cars made by General Motors Co. and others following the company’s announcement that it would lay off workers and close plants.

The lawmaker will take the helm of the panel that oversees three contentious issues: trade, health care and taxes.

The chairman of the House tax-writing committee said if Republicans retain the House and the Senate they’ll advance a 10 percent tax cut aimed at middle-income earners.

A group of Republicans on the Senate Finance Committee is asking the IRS and the Treasury to issue guidance to clarify the congressional intent behind several provisions of the Tax Cuts and Jobs Act.

Senate Majority Leader Mitch McConnell’s new top economic policy aide has a complicated checklist: oversee implementation of the new tax law and mitigate the damage of impending trade disputes.

A closely divided Senate Finance Committee advanced the nominee for the next Internal Revenue Service commissioner, Charles Rettig, by a vote of 14 to 13, but he awaits a vote by the full Senate.

Republicans are promising Tax Reform 2.0, but only a few measures may get approved.

The Finance Committee is expected to approve Trump’s nomination of a tax attorney as the next head of the Internal Revenue Service.

Charles Rettig, President Donald Trump’s nominee to head the IRS, omitted mention on a disclosure form that the two rental properties in Hawaii in which he has a stake are at a Trump-branded resort, according to a memo by the top Republican and Democrat on the Senate Finance Committee.

Charles Rettig, a tax lawyer who is Donald Trump’s pick to lead the IRS, told lawmakers Thursday he’d never represented a client who has been under a continuous agency audit for a decade, as is the case with the president, and that he doesn’t know any details of the review.