Baucus Hails Committee Passage of Child Welfare Legislation, Treasury, Tax Court Nominations
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) today led the Finance Committee’s unanimous approval of The Child and Family Services Improvement and Innovation Act, legislation that would provide crucial assistance to at-risk families, youth and foster children by improving and extending key child welfare programs. Baucus also led the Committee’s unanimous approval […]
Baucus: America Must Lead in Innovation to Create Jobs
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) today said tax reform must promote innovation among American businesses to boost our economy and help create jobs. At a committee hearing, Baucus noted increased competition from overseas is putting our country’s competitiveness at risk, but said that measures like his legislation to simplify and […]
Baucus Opening Statement at the Committee Markup of The Child and Family Services Improvement and Innovation Act and Four Nominations
We begin today with the Child and Family Services Improvement and Innovation Act. The Nobel Prize-winning poet Gabriela Mistral wrote, “Many things can wait; the child cannot. To him we cannot say tomorrow; his name is today.” Today we consider legislation for children that cannot wait. The Promoting Safe and Stable Families Program expires in […]
Baucus Hearing Statement Regarding Tax Reform and Incentives for Innovation
Apple co-founder Steve Jobs once said, ‘’Innovation distinguishes between a leader and a follower.” Thirty years ago, on the heels of the 1982 recession, a divided Congress passed the first federal research and development tax credit to help stimulate economic growth. The United States became the world’s leader in funding research. This ushered in years […]
Baucus Says Trade Adjustment Assistance Must Be Renewed
In 1934, President Franklin Delano Roosevelt said, “No country, however rich, can afford the waste of its human resources. Demoralization caused by vast unemployment is our greatest extravagance.” President Roosevelt said these words in a fireside chat nearly 80 years ago. Our economy was slowly on the path to recovery after suffering the worst financial […]
Baucus, Hatch Look to Boost Innovative American Industries, Provide Certainty with Permanent Research and Development Tax Credit
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Orrin Hatch (R-Utah) today unveiled legislation to simplify and make permanent the Research and Development (R&D) Tax Credit, boosting innovative American industries and sparking economic and job growth here at home. The bill would provide certainty to businesses, allowing them to count […]
Baucus: Health Reform Helping Seniors In Medicare Advantage Save Money, Increasing Enrollment in Plans
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) praised a report released today by Health and Human Services (HHS) projecting significant premium declines for seniors with Medicare Advantage plans for the second year in a row. As a chief architect of the Affordable Care Act, Baucus helped bring down costs and save seniors […]
Baucus Hails Senate Renewal of Sanctions Against Burma
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) today applauded the Senate’s renewal of trade sanctions against Burma. The renewal came in response to the Burmese government’s continued human rights violations and suppression of political opposition. Several other nations, including Canada, Australia and the members of the European Union have also imposed sanctions. […]
Baucus Looks for Ways to Promote Retirement Savings through Tax Reform
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) today said as tax reform boosts our economy and helps create jobs, it must also improve the incentives to help Americans save for retirement. At a committee hearing, Baucus noted recent trends in retirement plans, as the baby boom generation ages, are leaving more people […]
Baucus Statement on Tax Reform and Improving Retirement Security
Franklin D. Roosevelt once said, “True individual freedom cannot exist without economic security and independence.” For true economic security, Americans approaching retirement need to know they will have enough money every month to get by. Retirement security is often described as a three-legged stool. The first of those legs – Social Security – is crucial […]