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Senate Finance Committee

Congress to Create Digital Archive for Tax Legislation

30 January 2010

An effort is underway to bring tax legislative research into the 21st century. The Joint Tax Committee, a non-partisan research arm of the Senate Finance Committee and House Ways and Means Committee, is working on a project to digitize tax legislative documents creating a searchable digital archive. This would include not only JCT publications – [...]

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Health Care Bill Passes Committee

13 October 2009

Are we one step closer to health care reform? The Senate Finance Committee sure gave that impression by putting forth a $829 billion health care bill today. The bill passed in committee by a vote of 14-9 with Sen. Olympia Snowe (R-ME) representing the lone committee member to not vote along party lines. What does [...]

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Joan Rivers, Cher In Trouble: Congress to Tax Plastic Surgery

28 July 2009

You’re so vain, I’ll bet you think this blog is about you, don’t you? That’s because Americans spent $10.3 billion on 12.1 million cosmetic procedures last year. And Congress thinks it’s time to cash in. The Senate is currently considering imposing a 10% excise tax on cosmetic procedures which are not medically necessary. These would [...]

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Daschle Is “Deeply Embarrassed and Disappointed” By Tax Issues

2 February 2009

And well he should be. Tom Daschle, President Barack Obama’s nod for Secretary of the Health and Human Services Department, has offered an apology for not paying more than $120,000 in federal taxes. Instead, Daschle tried to offer an explanation for the tax errors. Yes, plural. Daschle claims that the information provided to him from [...]

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Geithner Says “I’m Sorry”

22 January 2009

In a hearing before the Senate Finance Committee, Timothy Geithner says he is sorry. Is it enough? The Committee seemed to think so, voting today in favor his nomination as Treasury Secretary. The final vote was 18-5 with the following Senators voting against Geithner: Chuck Grassley (R-IA); Jon Kyl (R-AZ); Jim Bunning (R-KY); Pat Roberts [...]

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