New Tax Law Helping Americans Save for Retirement
Last year, pensions of households and nonprofit organizations rose to nearly $23 trillion. Reforms to the business and individual sides of the tax code will help retirement savers boost their pension values by even more. At a Tax Policy Center event this week, Senate Finance Committee Chairman Orrin Hatch (R-Utah) underscored how business tax reforms will […]
Finance Committee Advances Trade Nominees
WASHINGTON – The Senate Finance Committee today unanimously advanced the nomination of C.J. Mahoney to be Deputy U.S. Trade Representative and the nomination of Dennis Shea to be Ambassador to the World Trade Organization. “C.J. Mahoney and Dennis Shea have each demonstrated they are accomplished and capable of carrying out the important jobs they have […]
Hatch, Brady Call on IRS to Immediately Implement IG Recommendations Following New Report
WASHINGTON — Senate Finance Committee Chairman Orrin Hatch (R-Utah) and House Ways and Means Committee Chairman Kevin Brady (R-Texas) today called on Internal Revenue Service (IRS) Acting Commissioner David Kautter to immediately implement screening procedures to ensure employees with serious conduct issues are not receiving bonuses. Their letter comes following a recent Treasury Inspector General […]
Hatch, Grassley Press IRS for Answers on Nonprofit Hospitals
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) and U.S. Senator Chuck Grassley (R-Iowa), a senior member of the committee, today requested specific information from the Internal Revenue Service (IRS) regarding their oversight activities of nonprofit hospitals. The senators, in a letter, asked Acting IRS Commissioner David Kautter for details regarding the agency’s monitoring and […]
Hatch Opening Statement at Finance Hearing on Administration’s HHS Budget Request
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) today delivered the following opening statement at a Finance Committee hearing to consider the administration’s Fiscal Year (FY) 2019 budget request for the Department of Health and Human Services (HHS). I welcome everyone to today’s hearing, which will be our third and final hearing on the […]
Hatch Opening Statement at Finance Hearing on Administration’s IRS Budget Request
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) today delivered the following opening statement at a Finance Committee hearing to consider the administration’s Fiscal Year (FY) 2019 budget request for the Internal Revenue Service (IRS). The hearing will include discussions about the agency’s critical role in implementing tax reform. We’re gathered here for the […]
Hatch Opening Statement at Finance Hearing on Administration’s Treasury Budget Request
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) today delivered the following opening statement at a Finance Committee hearing to consider the administration’s Fiscal Year (FY) 2019 budget request for the Treasury Department and to discuss the implementation of the largest tax overhaul in more than three decades. This morning’s hearing will be the […]
Hatch Touts Business Tax Reform at Tax Policy Center
WASHINGTON – Finance Committee Chairman Orrin Hatch (R-Utah) today addressed the Brookings Institution’s Tax Policy Center at a discussion titled, “The Tax Cuts and Jobs Act: The New Business Tax Landscape.” Hatch highlighted how business reforms in new tax law will benefit U.S. workers and make America more globally competitive. On increasing employee benefits: “Over […]
Hatch Statement on the President’s Fiscal Year 2019 Budget
WASHINGTON – In response to the president’s fiscal year (FY) 2019 budget that was submitted to Congress today, Senate Finance Committee Chairman Orrin Hatch (R-Utah) issued the following statement: “As Americans across the country continue to realize the full benefits of the new tax law, we must stay the course and advance policies that will ensure our […]
Hatch Announces Executive Session to Mark Up Trade Nominees
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) today announced the committee will hold an executive session on Wednesday, Feb. 14, at 2:30 p.m. to mark up two trade nominations: C.J. Mahoney, to be Deputy U.S. Trade Representative, and Dennis Shea, to be the U.S. Ambassador to the World Trade Organization. The hearing will take […]