Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
JEC Looks At 1986 Tax Lessons Learned
WASHINGTON (8/1/13)--Academic and tax policy experts testified Wednesday before the Joint Economic Committee as that bicameral panel conducted a hearing generally on comprehensive tax reform and more specifically on lessons learned by the Tax Reform Act (TRA) of 1986.
 
Witnesses encouraged policymakers to move forward on comprehensive tax reform, and at the very least, comprehensive corporate tax reform. In fact, the majority of the testimony and discussion centered on corporate tax reform agenda items including tax rates, repatriation, capital gains, and tax expenditures.
 
Laura D'Andrea Tyson, a professor at the University of California Haas School of Business, and former chair of the Council of Economic Advisers, for instance, testified that the numerous credits, deductions and exclusions in the current system results in high compliance costs for businesses and "undermines the efficiency of business decisions."


RSS





print
News Now LiveWire
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
28 minutes ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
1 hour ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
1 hour ago
How to use social media for crisis communications Feb. 10 webinar from @SBAgov, @AgilityRecovery http://t.co/d16t8RHr7n
2 hours ago
#Consumersentiment highest in 11 years @Umich January survey http://t.co/64ORm6b0Fc
6 hours ago