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Senate Finance Committee

Burwell Clears Hurdle On Way To Health Secretary Confirmation

Reuters | Posted 07.21.2014 | Politics

WASHINGTON, May 21 (Reuters) - The U.S. Senate Finance Committee voted overwhelmingly on Wednesday to approve the nomination of Sylvia Mathews Burwe...

Senate Panel Approves Highway Bill

AP | JOAN LOWY | Posted 05.15.2014 | Politics

WASHINGTON (AP) — A Senate panel on Thursday approved a bill to keep federal highway programs going for the next six years, but it remained unclear ...

Senate Panel Passes Bill To Wind Down Fannie Mae, Freddie Mac

Reuters | Posted 07.15.2014 | Politics

By Margaret Chadbourn WASHINGTON, May 15 (Reuters) - A Senate panel on Thursday approved legislation to wind down Fannie Mae and Fred...

Burwell Takes Obamacare Hot Seat Before Senate Finance Panel

Reuters | Posted 07.14.2014 | Politics

By David Morgan and Julia Edwards WASHINGTON, May 14 (Reuters) - Senate Republicans get their last chance to grill President Barack Ob...

U.S. Corporations Have Over $2 Trillion Stashed Overseas

Reuters | Posted 06.08.2014 | Business

* U.S. Senate Finance Committee Chairman Wyden calls for reform * Total of profits stashed abroad up 93 percent 2008-2013 ...

The Less-Than-Charitable Cost of Tax Reform

William Daroff | Posted 03.26.2014 | Politics
William Daroff

Even in our fragile economy, Americans still want to give back to those who need help the most. However, charitable giving will suffer should the deduction be limited.

Republican Trade Bill Sponsor Wants Obama Action

AP | Posted 01.25.2014 | Politics

WASHINGTON (AP) — The Republican co-sponsor of a bill key to President Barack Obama's effort to boost exports to Asia says it won't pass unless the ...

Michael McAuliff

Here's A Bipartisan Duo Liberals Fear: Ron Wyden And Paul Ryan

HuffingtonPost.com | Michael McAuliff | Posted 01.23.2014 | Politics

WASHINGTON -- House Budget Committee Chairman Paul Ryan (R-Wis.) and soon-to-be Senate Finance Committee Chairman Ron Wyden (D-Ore.) have worked toget...

Is It Finally Time for Currency Trade Legislation?

Gilbert B. Kaplan | Posted 01.27.2014 | Business
Gilbert B. Kaplan

It's time for the president to live up to the spirit of his campaign promises. He should voice his support for this bill and encourage both houses of Congress to attach it to their next major piece of budgetary or fiscal legislation.

Impact of Failure to Raise the Nation's Debt Limit

Sen. Jay Rockefeller | Posted 01.23.2014 | Politics
Sen. Jay Rockefeller

If my colleagues won't listen to my arguments for why we must not delay and vote to raise the debt ceiling, I do hope they listen to President Reagan.

Despite higher income tax, state finances continue downward spiral in Illinois!

Reboot Illinois | Posted 09.30.2013 | Chicago
Reboot Illinois

A bill filed by Rep. Lou Lang (D-Skokie) is intensifying speculation that the 2011 personal and corporate income tax hikes could become permanent. T...

Coming Soon: Another London Whale Shocker?

Dimitri B. Papadimitriou | Posted 08.18.2013 | Business
Dimitri B. Papadimitriou

Did the London Whale revelations result in protections for bank customers -- and their federal insurers -- from this kind of gambling?

How Likely Is Carried Interest Reform?

Jeremy Scott | Posted 08.11.2013 | Politics
Jeremy Scott

Carried interest reform will almost certainly be part of any major tax reform bill offered by Camp or Baucus. But it's also possible that even if tax reform efforts fail or stall, carried interest legislation could find its way into an extenders package or as a pay-for for deficit reduction or an extension of the debt limit.

Medtronics Manipulates Safety Data -- When a Fine Should Become a Crime

Spencer Aronfeld | Posted 08.11.2013 | Business
Spencer Aronfeld

It is perfectly legal and common for physicians to prescribe medication and medical devices for "off-label" use. But the FDA prohibits manufacturers from directly promoting the unapproved use of their products.

IRS Scandal To Be Investigated By Senate Committee

AP | STEPHEN OHLEMACHER | Posted 05.13.2013 | Politics

WASHINGTON -- Sen. Max Baucus says the Senate Finance Committee will investigate the IRS targeting conservative political groups, joining a growing li...

Dilemma -- the Earned Income Tax Credit

Christopher Bergin | Posted 06.25.2013 | Politics
Christopher Bergin

Immediately, some began to assert that Baucus' announcement meant the end of tax reform. Pardon me if I differ, but if anything, it probably helps the tax reform effort a bit by concentrating Baucus more on it.

Senator's Former Aides Lobby Him To Shape Tax Legislation

The New York Times | Posted 04.07.2013 | Politics

WASHINGTON — Restaurant chains like McDonald’s want to keep their lucrative tax credit for hiring veterans. Altria, the tobacco giant, wants to cu...

Jack Lew Faces Questions Over NYU Bonus Ahead Of Treasury Secretary Confirmation

The Huffington Post | Eleazar David Meléndez | Posted 02.26.2013 | Business

The day before a crucial Senate vote to confirm the nation’s next Treasury secretary, Obama nominee Jack Lew is facing questions about certain unusu...

Senate Panel To Vote On Obama Pick

AP | Posted 04.26.2013 | Politics

WASHINGTON — The chairman of the Senate Finance Committee says the committee will vote on Tuesday on the nomination of former White House chief ...

Lew Issues Dire Warning On Government's 'Self-Inflicted Wounds'

AP | MARTIN CRUTSINGER | Posted 04.15.2013 | Business

WASHINGTON — Jacob Lew, President Barack Obama's nominee for Treasury secretary, pledged to work with Congress on a comprehensive overhaul of th...

Jack Lew: Lowering Corporate Tax Rate A 'Challenge'

Reuters | Posted 04.15.2013 | Business

WASHINGTON, Feb 13 (Reuters) - Jack Lew, Obama's Treasury secretary nominee, said on Wednesday that it would be challenging to lower the corporate t...

8 Subjects Senators Should Bring Up at Jack Lew's Confirmation Hearing Today

Richard (RJ) Eskow | Posted 04.14.2013 | Politics
Richard (RJ) Eskow

Republican senators like Chuck Grassley may ask some excellent questions, but some of his colleagues are likely to be in attack mode. Here are eight lines of constructive senators should pursue, along with some specific questions for each of them.

Obama Treasury Pick Courts Senate Republicans

Reuters | Posted 03.25.2013 | Politics

By Rachelle Younglai and Anna Yukhananov WASHINGTON, Jan 23 (Reuters) - Senate Republicans on Wednesday offered encouraging words abou...

We Could All Pay Less Income Taxes By Getting Rid Of These

Reuters | Posted 12.12.2012 | Business

By Kim Dixon WASHINGTON, Oct 12 (Reuters) - Repealing most of the U.S. tax code's major itemized deductions - like those for mortgage ...

Disabled Veterans Charity Accused Of Misusing Millions Under Investigation

AP | MATT GOURAS | Posted 05.24.2012 | Impact

HELENA, Mont. -- U.S. Sen. Max Baucus of Montana said Wednesday that the legislative finance committee that he chairs is launching an investigation in...