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US Lawmakers Continue Tax Reform Talks

by Mike Godfrey, Tax-News.com, Washington

22 May 2017


US tax-writing committees are to continue to hold hearings this week on how to take forward tax reform.

The Senate Finance Committee has scheduled a meeting with Treasury Secretary Steve Mnuchin on May 25. It will focus on the Administration's budget request for the Treasury Department and current policies to overhaul the nation's tax code. He will appear before the House Ways and Means Committee on May 24 to discuss the same.

Ahead of the May 25 meeting, Senate Finance Committee Chairman Orrin Hatch (R-UT) said: "Mnuchin will come before the Committee to discuss the President's FY2018 budget, which we expect to be released next week, and further examine tax reform policy options that aim to further boost job creation, increase wages, and promote more opportunities for all Americans."

Last week, the Senate Finance Committee heard from Republicans and Democrats on the Administration's tax reform proposals and the need for US tax reform. In addition, Mnuchin and National Economic Council Director Gary Cohn met to discuss viable policy options for tax reform, and the Ways and Means Committee held a hearing to examine the benefits of pro-growth tax policies.

TAGS: Finance | tax | business | interest | United States | tax reform

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