Hatch: Tax Reform Has Been “Years in the Making”
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) spoke on the Senate floor today about the historic nature of last week’s Senate passage of his bill, the Tax Cuts and Jobs Act. “That bill spent years in the making,” Hatch said in a speech on the Senate floor. “As my chief legislative focus for […]
The Senate Tax Overhaul Will Help #Millennials, Future Generations
Young people have been hit particularly hard by eight years with recession followed by a weak recovery and persistent sluggishness and economic stagnation. Unemployment among millennials has been stubbornly high, they are increasingly saddled with student debt and their wages have stagnated. Our current tax code is only making matters worse for this generation. Fortunately, […]
Hatch Announces Executive Session to Consider CBP Nomination
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) today announced the committee will mark up Kevin McAleenan’s nomination to be commissioner of U.S. Customs and Border Protection (CBP) during an executive session on Thursday, Dec. 7 at 2 p.m., in Dirksen Senate Office Building Room 215. Who: Senate Finance Committee What: Executive Session to […]
GOP United on Tax Reform
The Senate took a critical step toward enacting a comprehensive tax overhaul that will provide middle-class tax relief, grow the economy, and lead to more, higher paying jobs. Republican leaders are united in pushing tax reform across the finish line to bring America’s tax code into the 21st century. President Donald Trump: “We are one […]
Finance Committee Republicans Applaud Senate Passage of Historic Tax Reform
The United States Senate last week passed the Tax Cuts and Jobs Act, a historic tax overhaul that provides tax relief for working families, levels the playing field for Main Street businesses, and makes America a more welcoming place to do business. Finance Committee Members have been hard at work on this legislation for months, […]
More Than 200 Industry Stakeholders and Job Creators Support Senate Tax Overhaul
The Senate tax overhaul, which passed the Senate last week, makes America a more inviting place for businesses to invest and grow. By lowering the corporate tax rate, allowing full and immediate expensing, and making a number of other much needed business tax reforms, the Senate tax plan will spur investment and growth, leading to […]
Historic Tax Overhaul Passes U.S. Senate
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) released the following statement after the Tax Cuts and Jobs Act passed the U.S. Senate: “Senate Republicans today came together to make history and advance a comprehensive tax overhaul that will deliver more income, more jobs, higher wages and more opportunity for all Americans. Rooted in […]
Finance Committee Announces Improvements to Senate Tax Bill
After robust discussions across the Senate Republican Conference, and because a revenue “trigger” does not comply with reconciliation rules, the Senate Finance Committee made further modifications to the underlying legislation to further reflect member priorities. The amendment was filed this evening. A full copy can be found HERE. These changes include: Additional tax relief […]
Small Business Owners: Pass the Senate Tax Reform Plan
The Senate tax reform plan provides real tax relief for small business owners across the country. The plan includes simple tax deduction on qualifying income of pass-through businesses, as well as making a number of much-needed reforms businesses on Main Street need to invest and grow. Additionally, the plan has earned the endorsement of the […]
Debunking Senate Democrats’ Tax Reform Tales
The Tax Cuts and Jobs Act, which is being considered on the floor of the U.S. Senate, will put money back in the pockets of middle-class families, raise wages, grow the economy, and make America more globally competitive. This bill includes strong, pro-family provisions like doubling the child tax credit, nearly doubling the standard deduction, […]