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Archives: (R)Press Releases

Hatch Announces Executive Session to Consider Commerce, HHS Nominees

WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) today announced the committee will mark up nominations for the U.S. Department of Commerce and U.S. Department of Health and Human Services on Wednesday, Sept. 6 at 10 a.m., in Room 215 of the Dirksen Senate Office Building.   The committee will consider the following nominees: Gilbert […]

Tax Talk: Explaining the Estate Tax

The concept of a federal wealth transfer tax system dates back to 1797 when its revenue was primarily used to finance wars or prepare for the threat of wars. Fast forward to recent history where the federal wealth transfer tax system is made up of the federal estate, gift and generation-skipping transfer taxes. Proceeds are […]

Hatch, Wyden Announce Finance Committee Hearing on CHIP Funding Reauthorization

WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) will convene a hearing on Thursday, Sept. 7, 2017, to discuss the Children’s Health Insurance Program (CHIP). The hearing, “The Children’s Health Insurance Program: the Path Forward” will take place at 10 a.m. in Room 215 of the Dirksen Senate Office […]

Hatch Welcomes Trump’s Push for Comprehensive Tax Reform

SALT LAKE CITY – Senate Finance Committee Chairman Orrin Hatch (R-Utah) issued the following statement today after President Trump spoke on the importance of comprehensive tax reform in Springfield, Mo.:  “Today the president made clear he is committed to remaking the tax code in a way that will help propel our economy forward and produce […]

Tax Talk: Middle-Class Relief from the Alternative Minimum Tax

Phase-outs, home interest deduction, marriage penalty or marriage bonus, state and local deductions, charitable contributions, investment interest, exclusions, limitations, credits…and the list goes on. The U.S. tax code is a maze of red tape riddled with inequities and complexity that causes confusion for Americans across the country. And, if navigating a minefield of deductions, credits, […]

Tax Talk: A Tax Code to Help American Small Businesses Compete

American small businesses are engines of economic growth. With around half of Americans either owning or working for a small business, these job creators pack a powerful punch and are responsible for creating roughly two out of every three net new jobs in the United States each year.   They provide opportunities for a diverse […]

Hatch Statement on U.S.-China Trade Policy

SALT LAKE CITY – Following President Trump’s memorandum regarding Chinese policies leading to forced technology transfer and trade secret theft, Senate Finance Committee Chairman Orrin Hatch (R-Utah) issued the following statement: “Theft of American intellectual property in China is a persistent and serious problem. This is a strong first step toward holding China accountable. Indeed, […]

Tax Talk: Time to Simplify

With congressional tax reform efforts moving forward, lawmakers and administration officials agree: it’s time to simplify the overly complex and burdensome U.S. Tax Code. Indeed, today the tax code is comprised of roughly four million words. That is nearly seven times the length of Leo Tolstoy’s War and Peace or more than two times the […]

Fox News: Hatch Ready to ‘Move Ahead’ on Tax Reform

WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) discussed tax reform with Maria Bartiromo on her Fox News program Sunday Morning Futures. Highlights below: On Lowering the Corporate Tax Rate from One of the Highest to One of the Lowest:“I think that would boom America. That would get businesses going like never before. It would make us […]