Today, Senate Finance Committee Chairman Ron Wyden (D-OR) and Ranking Member Orrin Hatch (R-UT) announced the first in a series of hearings on tax reform and “reinforced their commitment to overhauling the nation’s broken tax code through comprehensive reform.”
In June, the Committee will hold a hearing on education tax incentives and in July hearings will be held on ID theft and taxpayer privacy protection and modernizing corporate taxation.
Wyden and Hatch said, “This summer, the Senate Finance Committee will forge ahead with hearings that examine reforming the broken, dysfunctional tax code in areas ranging from taxpayer privacy protection to education to corporate taxation. When it comes to tax policy, comprehensive tax reform is our ultimate objective, and we are committed to using these hearings as the building blocks to that goal."
Their statement added, “These hearings will provide the committee with the information necessary to create a simplified tax code that promotes long-term growth and ensures economic prosperity for the American people. We will also continue to look for innovative ways to fix the depleted Highway Trust Fund and keep hard-working Americans on the job without diverting revenues from repatriation needed for tax reform. We look forward to engaging with our committee colleagues and constituents over the course of these hearings.”