Tag Archive: Senate Finance Committee Chairman Ron Wyden

Senate Finance Hearing on Corporate Tax Avoidance

July 23, 2014 10:05 am Published by

The Senate Finance Committee recently held a hearing on the international section of the tax code, namely how to address the practice of U.S. companies moving their headquarters abroad in pursuit of lower tax rates.

Slow Process on Moving Tax Extenders

June 4, 2014 6:11 am Published by

Negotiations behind the scenes continue as leaders in both the Senate and House work on a number of bills to address--to varying degrees--the tax extenders, including several business provisions such as Section 179 expensing and the research tax credit. On May 13, the Senate attempted to consider the extenders package, however, the measure was stalled because Senate Majority Leader Harry Reid (D-Nev.) and Republicans were locked in a dispute over whether they would be able to offer amendments to the legislation. Since Reid invoked a procedural move restricting senators from offering amendments on the floor, the minority in turn blocked the procedural motion by a vote of 53-40 that would have allowed the bill to move forward—60 votes were required for passage. Meanwhile, on the House side, the Ways and Means Committee approved six additional bills to make several temporary tax credits permanent on May 29. The committee has now advanced 12 bills making tax extenders permanent, in contrast to the single package put forward by the Senate.

Action on Extenders Stalls in Senate Over Procedure

May 21, 2014 9:23 am Published by

Last week, the Senate failed to move forward on a tax extenders bill due to procedural maneuvers, prompting an expected meeting among Finance Committee leaders to work on another path to extending these important tax measures.

Senate Finance Cmte. Introduces Tax Extenders Bill

April 2, 2014 11:59 am Published by

The Senate Finance Committee on April 3 will markup legislation, released earlier this week by Chair Ron Wyden (D-Ore.), that would extend a set of expired and soon-to-expire tax breaks commonly known as “tax extenders.”