Baucus Hearing Statement Regarding Tax Reform: Lessons from the Tax Reform Act of 1986
Jeffrey Birnbaum, who wrote the book on the 1986 tax reform, said: “The Tax Code is like shrubbery — the more severely it’s pruned, the bigger and stronger it will grow back.” In 1986, Congress pruned the tax code, pretty severely. But it’s grown back, bigger and stronger. Once again, it needs to be pruned. […]
Baucus Hearing Statement Regarding Welfare Reform: A New Conversation on Women and Poverty
The prophet Isaiah exhorts us: “Share your food with the hungry, and give shelter to the homeless. Give clothes to those who need them, and do not turn away.” Today we look at fighting poverty in America. On the eve of its expiration, we examine the Temporary Assistance for Needy Families program — or TANF. […]
Baucus Hearing Statement Regarding the President’s FY 2011 Budget
In 1958, former President Harry Truman said: “It’s a recession when your neighbor loses his job; it’s a depression when you lose yours.” For more than seven million Americans, this Great Recession has been a Great Depression. The American economy has lost more than seven million jobs since the Great Recession began. The nonpartisan Congressional […]
Baucus Comments on President’s FY 2011 Budget
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) commented today on President Barack Obama’s Fiscal Year 2011 budget. The Senate Finance Committee’s jurisdiction includes tax policy, Medicare, Medicaid, the Children’s Health Insurance Program, Social Security, and international trade. Baucus said today that he is pleased with the investments made by the budget in job creation, health care […]
Baucus Statement on the President’s Job-Creation Tax Policy Announcement
MEMORANDUM To: Reporters and Editors From: Erin Shields and Scott Mulhauser for Finance Committee Chairman Max Baucus (D-Mont.) Re: The President’s announcement on job-creation tax policy Senate Finance Committee Chairman Max Baucus (D-Mont.) issued the following statement today after President Obama announced his plans to enact a job-creation tax package. The Finance Committee has jurisdiction over U.S. […]
Baucus Comment Regarding President’s Commitment to U.S. Trade Agenda in State of the Union Address
MEMORANDUM To: Reporters and EditorsFrom: Dan Virkstis for Finance Committee Chairman Max Baucus (D-Mont.)Re: Baucus Comment Regarding President’s Commitment to U.S. Trade Agenda in State of the Union Address Senate Finance Committee Chairman Max Baucus (D-Mont.) expressed support today for President Obama’s commitment to the U.S. trade agenda in his State of the Union […]
Baucus Comment Regarding President’s Financial Crisis Responsibility Fee Proposal
MEMORANDUM To: Reporters and Editors From: Dan Virkstis for Senate Finance Committee Chairman Max Baucus (D-Mont.) Re: Baucus comment regarding President’s Financial Crisis Responsibility Fee proposal Senate Finance Chairman Max Baucus (D-Mont.) commented today following President Obama’s announcement of a proposal to levy a new fee on highly leveraged financial services institutions with over $50 […]
Baucus Comment Regarding President’s Announcement of Awardees of the Clean Energy Manufacturing Tax Credit
MEMORANDUM To: Reporters and Editors From: Dan Virkstis for Senate Finance Committee Chairman Max Baucus (D-Mont.) Re: Baucus comment regarding President’s announcement of awardees of the clean energy manufacturing tax credit Senate Finance Chairman Max Baucus (D?Mont.) commented following President Obama’s announcement today of awardees of the clean energy manufacturing tax credit. The Finance Committee […]
Baucus Comments on Legislation to Raise Debt Limit
Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) commented today following Senate passage of legislation providing for a $290 billion increase in the public debt limit. The Treasury Department informed Congress that an increase would be needed before Congress returns from adjournment in order for the Federal government to meet its financial obligations […]
Baucus Comments after Senate Votes to Move to Consideration of Health Reform Bill
MEMORANDUM To: Reporters and EditorsFrom: Scott Mulhauser and Erin Shields for Senate Finance Committee Chairman Max Baucus (D-Mont.)Re: Baucus comments after Senate votes to move to consideration of health reform bill Senate Finance Committee Chairman Max Baucus (D-Mont.) issued the following statement this evening after the Senate voted to end debate and move to consideration […]