Chairman - The S Corporation Association

S-CORP Clips | Week of December 12

A compilation of the business tax related stories that caught our eye

Hatch Tax Reform Report

For weeks, there had been K Street rumors of a “secret” tax reform plan being put together by in-coming Finance Committee Chairman Orrin Hatch (R-UT). Apparently, the “Comprehensive Tax Reform for 2015 and Beyond” report released yesterday is it, although it’s not so much a plan as an analysis of the current code and the challenges policymakers will face in reforming it. After a quick review, it’s obvious the Finance Republican staff spent an enormous amount of time and effort putting this together and it …

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admin2014-12-12T16:22:29+00:00December 12, 2014|

S-CORP Clips | October 1-10

A compilation of the business tax related stories that caught our eye

Administration on Tax Reform

The President’s economic advisors have been unusually busy in recent weeks. National Economic Council Director Jeffrey Zients was firm in his conviction that tax reform could get done in the new Congress, citing the “remarkably overlapping” approaches of Obama’s plan and the Camp draft.

It is true there are some common themes in the Camp and Administration proposals, but also there are major – and fatal – differences as well, including:

The Camp Draft is budget neutral while the Administration’s plan would raise revenue;
The Camp …

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admin2014-10-10T19:13:33+00:00October 10, 2014|

New Finance Committee Chair

February 14, 2014

Senator Ron Wyden (D-OR) took the helm of the Finance Committee this week. What does this mean for tax policy? Here’s what the press has to say:

The Hill tells us he blames Republicans for gridlock on tax reform;
Roll Call says he’s the “most liberal [Finance Chair] ever”;
Forbes says he wants to level out rates on ordinary and investment income; and
Politico observes he has a “penchant for big ideas.”

Beyond that, a couple consistent items do stand out. First, it appears the new chairman is with us on the need for comprehensive, rather than corporate only, …

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admin2019-02-01T20:05:24+00:00February 24, 2014|