NEWS

Senate Committee On Finance Held Hearing On Hearing On Tax Extenders (Including WOTC)

By admin • 10 January 2015 •

Parallel to the House-Senate conference on extending the payroll tax cut, the Senate Committee on Finance held a special hearing this Tuesday to examine the 50 or more tax extenders that expired in December.  The hearing was titled: Extenders and Tax Reform: Seeking Long-Term Solutions.

According to a Monday article in Accounting Today,

“At Tuesday’s hearing, Senate Finance Committee Chairman Max Baucus, D-Mont., ranking republican member Orrin Hatch, R-Utah and the witnesses discussed how best to approach tax extenders in order to create certainty and allow businesses to invest confidently and create jobs.”

“Witnesses that testified include Rutgers University economics department chair Rosanne Altshuler, George Mason University senior research fellow Jason J. Fichtner, University of Texas Law professor Calvin H. Johnson, and U.S. Chamber of Commmerce chief tax counsel Caroline L. Harris.”

Many of these details can be had on the hearing’s page on Senate Committee on Finance’s website.  Click here.

Submit a Statement for the Record (We all should do this now)

TaxBreak urges you and your company to submit a statement to the committee to get your views into the record.  TaxBreak has simplified the process by providing a sample Statement for the Record where you can simply input your company information into, print and mail to the address below.  Click here to access the statement.   If you want to create your own statement, follow the guidelines to the Statement for the Record that is copied directly from the Senate website (emphasis added by underlining).

Any individual or organization wanting to present their views for inclusion in the hearing record should submit a typewritten, single-spaced statement, not exceeding 10 pages in length. Title and date of the hearing, and the full nameand address of the individual or organization must appear on the first page of the statement. Statements must be received no later than two weeks from the hearing (deadline is February 14, 2012).

Statements should be mailed (not faxed) to:

Senate Committee on Finance
Attn. Editorial and Document Section
Rm. SD-219
Dirksen Senate Office Bldg.
Washington, DC 20510-6200b

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