Hatch says Highway Deal is “Watershed Moment” for Transportation Community
Utah Senator Says, “We’ve heard time and again that a long-term highway bill would only be possible if we included a big tax increase. Yet we’ve been able to defy the odds and provide much-needed funding for America’s bridges, highways, and roads for the next five years.” WASHINGTON –Today, Senate Finance Committee Chairman Orrin Hatch […]
Obamacare Premiums Continue Going Up, Up, & Up
Health Law Fails to Address Costs for American Families Despite promises that Obamacare would lower health care costs by $2,500 for families, health insurance premiums continue to go up, up and up. In fact, the Obama Administration has already admitted that average Obamacare premiums are expected to rise by a whopping 7.5 percent this year […]
Hatch Statement at Finance Hearing on OECD BEPS Reports
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) today delivered the following opening statement at a committee hearing examining the Organisation for Economic Co-Operation & Development’s (OECD) Base Erosion and Profit Shifting (BEPS) reports, and the European Union’s (EU) State Aid investigations regarding member-countries’ tax rulings: I want to welcome everyone here this […]
PATH Act Provides Critical Tax Relief and Stability for American Families and Job Creators
Bipartisan, Bicameral Bill Paves the Way for Comprehensive Tax Reform On December 15, 2015, Senate Finance Committee Chairman Orrin Hatch (R-Utah), House Ways and Means Committee Chairman Kevin Brady (R-Texas), and Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) introduced The Protecting Americans from Tax Hikes (PATH) Act of 2015 to provide permanent tax relief for hard-working […]
Hatch: Details on Puerto Rico’s Financial Health Needed Before Congress Can Act
WASHINGTON – In a speech on the Senate floor today, Senate Finance Committee Chairman Orrin Hatch (R-Utah) outlined concerns regarding several proposals aimed at addressing the growing debt crisis in Puerto Rico and said Congress must first have access to clear and thorough information regarding the territory’s financial health before charting a course forward. “We […]
Hatch to Hold Finance Hearing on OECD BEPS Reports
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) will convene a hearing on Tuesday, December 1, to examine the Organisation for Economic Co-Operation & Development’s (OECD) Base Erosion and Profit Shifting (BEPS) reports, and the European Union’s (EU) State Aid investigations regarding member-countries’ tax rulings. The hearing, titled “International Tax: OECD BEPS & EU […]
Hatch Statement on Latest Anti-Inversion Tax Guidance from Treasury
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) today issued the following statement after the U.S. Treasury Department announced new targeted guidance on corporate tax inversions: “A pure anti-inversion approach may have the unintended consequence of encouraging more acquisitions of United States companies by foreign-owned firms. With the American tax system already favoring foreign […]
Hatch Statement at Finance Hearing on Physician Owned Distributorships
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) today delivered the following opening statement at a Committee hearing to examine physician owned distributorships (PODs), entities in which physicians derive revenue from the sale of medical devices they prescribe to patients: Today, we are here to explore the various issues surrounding the growth and […]
Hatch Presses Administration on Obamacare Exchange Notice
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) today sent a letter to Health & Human Services (HHS) Secretary Sylvia Mathews Burwell asking the agency to provide information on a notice meant to inform employers when an employee is eligible for advanced payment of premium tax credits or cost-sharing reductions. Under the Patient Protection […]
Hatch, Wyden Seek Input on How to Improve Medicaid Reporting Requirements
Hatch, Wyden Seek Input on How to Improve Medicaid Reporting Requirements WASHINGTON – Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) today sent a letter to Medicaid stakeholders seeking input on improving the quality, efficiency, transparency and accountability of the program. Specifically, the senators asked for information on how state reporting […]