Summary of the American Family Economic Protection Act
Today, Senate Majority Leader Harry Reid, unveiled the American Family Economic Protection Act — legislation to replace the indiscriminate, across the board federal spending cuts known as “the sequester” with an alternative deficit reduction proposal that includes a balanced mix of spending cuts and revenue increases. Following is a summary of the tax provisions in […]
Baucus Calls for Increased Focus on Jobs and Balanced Deficit Reduction to Boost Economic Outlook
Washington – At a Senate Finance Committee hearing today looking at ways to improve the nation’s economy, Chairman Max Baucus (D-Mont.) called for Congress to increase its focus on creating jobs, simplifying the U.S. tax code, and crafting a balanced deficit reduction package. Senator Baucus warned that with across-the-board spending cuts — known as the […]
Baucus Applauds Committee Approval of Jack Lew to be Treasury Secretary
Washington – Senate Finance Committee Chairman Max Baucus (D-Mont.) today applauded the committee’s overwhelming approval of Jacob “Jack” Lew to serve as Treasury secretary by a vote of 19 to 5. “We need strong leadership at the Treasury Department to help tackle the many economic challenges facing our nation. Jack Lew has the experience and […]
Baucus, Hatch Announce Subcommittee Assignments for 113th Congress
Washington –Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Orrin Hatch (R-Utah) today announced the panel’s six subcommittees for the 113th Congress. Committee members formally approved the subcommittees and rules in an executive session during a hearing on the nation’s budget and economic outlook. The six subcommittees are Health Care; International Trade, Customs […]
Baucus Statement on Advancing the Economic Recovery and the Outlook of the Nation’s Fiscal Future
President John F. Kennedy once said, “The solid ground of mutual confidence is the necessary partnership of government with all of the sectors of our society in the steady quest for economic progress.” In the close to four years since the end of the recession, steady progress has been made in our economic recovery. But […]
Baucus Welcomes Top Safety Rating for U.S. Beef
Washington – Senate Finance Committee Chairman Max Baucus (D-Mont.) today called on America’s overseas trading partners to drop remaining barriers to U.S. beef exports based on bovine spongiform encephalopathy (BSE). His call follows the news that the Scientific Commission for the World Organization for Animal Health (OIE) is recommending that the rating for risk of […]
Baucus Statement on the Looming Sequester Cuts
MEMORANDUM To: Reporters and EditorsFrom: The Communications Office of Senate Finance Committee Chairman Max Baucus (D-Mont.)Re: Baucus Statement on the Looming Sequester Cuts Senate Finance Committee Chairman Max Baucus (D-Mont.) released the following statement today regarding the looming sequester cuts and the need for Congress to work together to prevent the across-the-board cuts and lasting […]
Baucus Thanks Japanese Prime Minister for Boost To U.S. Cattle Ranchers
Washington – Senate Finance Committee Chairman Max Baucus (D-Mont.) today thanked Japanese Prime Minister Shinzo Abe for his country’s recent decision to accept additional U.S. beef exports. Japan began importing additional U.S. beef earlier this month after Senator Baucus pushed for it to adopt science-based import standards that would mean greater market access for U.S. producers, […]
Baucus Calls On Department of Health and Human Services and State Agencies To Have Insurance Marketplaces Ready For Action
Washington, D.C. – At a Senate Finance Committee hearing today, Chairman Max Baucus (D-Mont.) called on states and the U.S. Department of Health and Human Services (HHS) to keep up their progress building health insurance marketplaces. Senator Baucus helped create the marketplaces as part of the Affordable Care Act to allow consumers and small businesses […]
Baucus Statement on Progress Building Health Insurance Marketplaces
In early 1964, just two months after the assassination of John F. Kennedy, President Lyndon Johnson delivered his first State of the Union address. He called on Congress to move forward with the late President’s bold agenda. He said we have, quote: “A unique opportunity and obligation to prove the success of our system…. “If […]