Baucus Calls for Tax Rules Promoting Use of Financial Products for Productive, Job-Creating Investment
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) today examined the tax treatment of financial products and considered how tax reform can address the potential use of financial instruments to avoid tax liability. At a joint hearing of the Senate Finance and House Ways and Means Committees, Baucus examined how the tax code […]
Baucus Statement on Taxation of Financial Products
Warren Buffet once wrote to his shareholders, “No financial instrument is evil per se; it’s just that some variations have far more potential for mischief than others.” This potential for mischief is one of the reasons we are holding this joint hearing today. Many financial instruments serve essential business purposes. They allow individuals and companies […]
Baucus, Harkin Cheer Progress Controlling Costs for Seniors, Improving Coverage in Medicare Advantage
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) and Health, Labor, Education and Pensions Committee Chairman Tom Harkin (D-Iowa) today touted recent progress in Medicare Advantage (MA) reining in costs, increasing coverage and maintaining high-quality care for seniors. A new report from the Government Accountability Office (GAO), which the senators requested earlier this […]
Baucus, Grassley, Kohl Examine Pharmaceutical Deals that Limit Access to Generic Drugs
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.), senior Finance Committee member Chuck Grassley (R-Iowa) and Special Committee on Aging Chairman Herb Kohl (D-Wisc.) sent letters yesterday to Pfizer, three companies that manage pharmaceutical benefits and two insurance companies asking for information about agreements aimed at limiting the sale of Atorvastatin, the generic […]
Baucus’s Vets Hiring Tax Credit Signed into Law
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) today hailed the signing into law of the tax credit he has been championing since 2009 for businesses to hire veterans. Baucus authored the original credit for hiring unemployed veterans in 2009 and introduced the VETs Jobs bill, or Veteran’s Employment Transition Act, in January […]
Baucus Urges Confirmation of Treasury, Social Security, Tax Court Nominations
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) today urged the confirmation of Mary Miller to be Under Secretary for Domestic Finance at the Department of Treasury, Alastair Fitzpayne to be Deputy Under Secretary for Legislative Affairs at the Department of Treasury, Kathleen Kerrigan to be a Judge of the United States Tax […]
Baucus Statement on Treasury, Social Security, Tax Court Nominations
Martin Luther King Jr. once said, “The ultimate measure of a man is not where he stands in moments of comfort, but where he stands at times of challenge and controversy.” As we consider the men and women before us today, our country is facing serious challenges. America’s economic recovery is still fragile, unemployment is […]
Baucus Hails House Passage of Vets Jobs Bill
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) today hailed the House’s passage of the tax credit he has been championing since 2009 for businesses to hire veterans. Baucus authored the original credit for unemployed veterans in 2009 and introduced the VETs Jobs bill, or Veteran’s Employment Transition Act, in May of 2010 […]
Baucus, Hatch Comment on Russia’s Progress in WTO Accession
MEMORANDUM To: Reporters and Editors From: The Communications Office of Senate Finance Committee Chairman Max Baucus (D-Mont.) and Julia Lawless and Antoina Ferrier on behalf of Finance Committee Ranking Member Orrin Hatch (R-Utah) Re: Baucus, Hatch Comment on Russia’s Progress on WTO Accession Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Orrin Hatch […]
Baucus Comment on Japan’s Desire to Join the Trans-Pacific Partnership Trade Negotiations
MEMORANDUM To: Reporters and Editors From: The Communications Office of Senate Finance Committee Chairman Max Baucus (D-Mont.) Re: Baucus Comment on Japan’s Desire to Join the Trans-Pacific Partnership Trade Negotiations Senate Finance Committee Chairman Max Baucus (D-Mont.) commented today following Japan’s announcement that it wishes to begin consultations to participate in the Trans-Pacific Partnership negotiations. […]