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Parallel to the House-Senate conference on extending the payroll tax cut, the Senate Committee on Finance is holding a special hearing on Tuesday to examine the 50 or more tax extenders that expired in December. The hearing is titled: Extenders and Tax Reform: Seeking Long-Term Solutions.
According to a Monday article in Accounting Today,At Tuesday’s hearing, Senate Finance Committee Chairman Max Baucus, D-Mont., ranking Republican member Orrin Hatch, R-Utah, and the witnesses will discuss how best to approach tax extenders in order to create certainty and allow businesses to invest confidently and create jobs.
Witnesses scheduled to testify include Rutgers University economics department chair Rosanne Altshuler, George Mason University senior research fellow Jason J. Fichtner, University of Texas law professor Calvin H. Johnson, and U.S Chamber of Commerce chief tax counsel Caroline L. Harris.
Many of these details can be had on the hearing’s page on Senate Committee on Finance’s website. Click here.
Submit a Statement for the Record (We all should do this now)
You and your organization or business can submit a statement to the committee to get your views into the record. It’s a simple process but there are a few details of protocol that must be observed. The following is copied directly from the Senate website (emphasis added by underlining).
Any individual or organization wanting to present their views for inclusion in the hearing record should submit a typewritten, single-spaced statement, not exceeding 10 pages in length. Title and date of the hearing, and the full name and address of the individual or organization must appear on the first page of the statement. Statements must be received no later than two weeks following the conclusion of the hearing.
Statements should be mailed (not faxed) to:
Senate Committee on Finance
Attn. Editorial and Document Section
Rm. SD-219
Dirksen Senate Office Bldg.
Washington, DC 20510-6200bPUBLISHED IN
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There are new developments in the effort to include WOTC and other tax-extenders in the upcoming payroll tax cut bill. A Senate-House conference is currently negotiating to extend the payroll tax cut, which expires in February.
Paul Suplizio, President of the WOTC Coalition, reports that Ways and Means Chairman Dave Camp is “waving off in advance an expected offer from Senator Baucus” to include tax extenders in the bill. Max Baucus is Chairman of the Senate Finance Committee. (more…)PUBLISHED IN
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Negotiations are on again to extend the 2011 payroll tax cut until the end of 2012. The House-Senate Conference met on Tuesday — the first time this year — and the road to an agreement appears rocky. Optimism is alive – but there are also some big disagreements to sort through.
Both sides of the discussion agree that a deal must be made before the end of February when the current 2-month extension expires. (more…)PUBLISHED IN
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Minnesota Governor Mark Dayton has announced A Jobs Plan for Minnesota. The proposal includes various measures designed to encourage hiring and to support workforce development and training. (more…)
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