wyden - The S Corporation Association

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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The “Ideal” Way to Tax Businesses

The story on tax reform continues to progress. Last week, the Senate Finance Committee held another in its series of hearings on the various aspects of reform. This hearing, entitled “How do Complexity, Uncertainty, and Other Factors Impact Responses to Tax Incentives?” brought forth witnesses Dr. Robert Carroll, Dr. Eric Toder, and Dr. Raj Chetty.

The internet feed of the hearing was playing in the background on our computers last Wednesday when this exchange took place:

Senator Snowe: Dr. Carrol, could you give us some comments on [the corporate-only approach to tax reform because that is a problem, requiring flow-throughs to …

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New Finance Committee Chair

February 14, 2014

The “Ideal” Way to Tax Businesses

The “Ideal” Way to Tax Businesses