Baucus to Introduce Bipartisan Tax Reform Framework

Baucus to Introduce Bipartisan Tax Reform Framework

Senate Finance Committee Chairman Max Baucus (D-MT) was expected to introduce the bipartisan tax reform framework late on December 9. According to our sources, the bill still will include the 35% rate and $5 million exemption agreed to by President Obama and...
Baucus to Introduce Bipartisan Tax Reform Framework

Baucus and Reid on Estate Tax Expectations

Dear Supporters: Late last week, BNA reported that Senate Finance Committee Chairman Max Baucus (D-MT) indicated that he intends to draft legislation that would reinstate the estate tax retroactively, but that he was unsure when legislation might be ready for...
Baucus to Introduce Bipartisan Tax Reform Framework

Berkley Introduced Bill Solidifying Estate Tax Gains

Congresswoman Shelley Berkley (D-NV) introduced legislation making the estate tax relief in the 2010 Tax Act permanent, solidifying the lower 35% rate, higher $5 million exemption indexed for inflation, reunification and spousal portability. Policy and Taxation Group...

Disagreement on Amendments Slows Small Business Bill

On July 29 Senate Republicans blocked an attempt by Democratic leaders to invoke cloture and proceed to debate on the small business bill (HR 5297) in a 58-42 vote. Republicans opposed further movement on the bill due to their inability to offer amendments, including...

Senate Small Business Bill Does Not Include GRAT Provision

June 30, 2010 Yesterday the Senate began consideration of its version of the small business lending bill and passed a key procedural hurdle, invoking cloture by a vote of 66-33. As you know, the House previously passed its bill (HR 5297), which included a provision...
Baucus to Introduce Bipartisan Tax Reform Framework

Update on Deficit Reduction and Tax Policy

Biden Deficit Reduction Talks – As of June 20, 2011, Vice President Biden and a group of lawmakers are shooting for an early July deadline to reach agreement on a deficit-reduction plan. The aim is to reach a deal in time for Congress to meet an August 2 deadline for...