Baucus Statement Regarding Nominations to the U.S. Treasury and U.S. Tax Court
The Roman philosopher Seneca said, “There is nothing the wise man does reluctantly.” We have before us today three wise people, each of whom has been called to serve our country, our President and the American people. There are few greater honors than this call to public service. But to serve, each of you must […]
Baucus Looks to Improve Business Tax Rules to Create More U.S. Jobs
Finance Chairman Examines Effect of Tax Rate, Incentives on Job Creation, Competiveness with Business Leaders Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) today urged top U.S. business leaders to preserve good-paying jobs and create more U.S.jobs. Baucus convened today’s hearing, a part of his series on tax reform, to evaluate the tax […]
Baucus Statement on How the Tax Code Affects Hiring and Business Growth
Benjamin Franklin wrote, “When men are employed, they are best contented.” Today, too many men and women are unemployed. These are Americans who have worked, want to work, and will work again. Our economy rests on the foundation of businesses, big and small, providing the goods and services that the market demands. And many Americans’ […]
Baucus Seeks Resolution on Deficit Reduction Package to Avoid Default
Finance Chair: Economic Growth and Job Creation Will Stall if We Fail to Pass a Long-Term Package Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) called today for a long-term solution to raise the debt ceiling and made clear his support for a balanced deficit reduction package. At a hearing reviewing the deficit […]
Baucus Hearing Statement Regarding Key Deficit Reduction Issues
President Lyndon Baines Johnson once said, “Yesterday is not ours to recover, but tomorrow is ours to win or lose.” Yesterday’s fiscal choices created the budget crisis we face today. To pay for yesterday’s spending decisions, we now are forced to raise the federal debt limit. Raising the debt limit does not mean an increase […]
Baucus, Harkin, Brown Commend IRS Decision to Provide Innocent Spouse Relief
Senators Called on IRS in April to Review Two-Year Limit on Innocent Spouse Protection Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.), Senator Tom Harkin (D-Iowa) and Senator Sherrod Brown (D-Ohio) commended an announcement today from the IRS eliminating the two-year time limit for innocent spouses to file for equitable relief from joint […]
Baucus comment on the proposed consumer operated and oriented plans regulation
Senate Finance Committee Chairman Max Baucus (D-Mont.) commented today on the Centers for Medicare and Medicaid Services proposed rules for Consumer Operated and Oriented Plans (CO-OPs), which are private, nonprofit health insurance providers governed by their members. The CO-OP program was created by the Affordable Care Act, of which Chairman Baucus was a chief architect […]
Baucus Looks to Improve Tax Code to Grow Economy, Protect Against Too Much Debt
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) convened a joint hearing with the House Ways and Means Committee today to look at ways to improve the tax code to encourage job creation and grow the economy, while ensuring the different tax treatment of debt and equity does not encourage households and businesses […]
Baucus Statement on Tax Treatment of Debt and Equity
As prepared for delivery Author Henry Wheeler Shaw once said, “Debt is like any other trap, easy enough to get into, but hard enough to get out of.” We meet together today because we share a common goal. We believe the tax code should boost American competitiveness. It should encourage economic growth and job creation. […]
Baucus Comment on the Proposed Health Insurance Exchange Rules
MEMORANDUM To: Reporters and Editors From: The Communications Office of Senate Finance Committee Chairman Max Baucus (D-Mont.) Re: Baucus comment on the proposed health insurance exchange rules Senate Finance Committee Chairman Max Baucus (D-Mont.) commented on the Department of Health and Human Services (HHS) proposed regulation released today that will, once finalized, assist states […]