FEDERALhearing transcript

Senate Hearing on International Tax Policy and American Jobs

Original title: HOW U.S. INTERNATIONAL TAX POLICY IMPACTS AMERICAN WORKERS, JOBS, AND INVESTMENT

January 1, 2022

international tax policy corporate tax jobs investment economic policy

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The Frame

What this does

This hearing serves as a foundational record for potential legislative changes to international tax law that could alter how U.S. companies are taxed on global earnings, directly affecting corporate investment strategies and domestic job creation.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Multinational Corporations

These entities are subject to the international tax policies discussed, which dictate how their global income is taxed.

American Workers

The hearing examines how tax-driven corporate investment decisions influence domestic job availability and wage growth.

What changed

Last recorded activity January 1, 2022.

What's next

Next step not available in the current record.

Summary

The Senate Committee on Finance held a hearing on March 25, 2021, to examine how U.S. international tax policies influence domestic employment, business investment, and the economy. Experts and government officials provided testimony regarding the impact of tax structures on multinational corporations and American workers.

Key Facts

The hearing took place on March 25, 2021, under the 117th Congress.
The primary focus was the intersection of international tax policy, American worker outcomes, and business investment.
Four expert witnesses provided testimony: Kimberly A. Clausing, Pamela F. Olson, Chye-Ching Huang, and James R. Hines, Jr.
The hearing record includes prepared statements and responses to committee questions from all four witnesses.
The record includes numerous communications from private citizens and organizations, such as the American Chemistry Council and the Alliance for Competitive Taxation.

Why It Matters

Frequently Asked Questions

What was the purpose of this hearing?

To gather expert testimony and perspectives on how U.S. international tax policies affect the domestic economy, specifically regarding jobs and investment.

Can I see what the witnesses said?

Yes, the document contains the full testimony and prepared statements of the four invited witnesses.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

cross reference90% confidence

Extensive Public Input

The hearing record includes a significant volume of letters and statements from private citizens and advocacy groups, indicating high public interest in international tax reform.

American Chemistry Council Alliance for Competitive Taxation

Connected Entities

personChye-Ching Huang“Executive Director of the Tax Law Center at NYU School of Law”Map →

personRon Wyden“Chairman of the Senate Committee on Finance”Map →

personPamela F. Olson“Former Assistant Secretary for Tax Policy”Map →

personKimberly A. Clausing“Deputy Assistant Secretary for Tax Analysis at the Department of the Treasury”Map →

personJames R. Hines, Jr.“Professor of Economics and Law at the University of Michigan”Map →

organizationSenate Committee on Finance“The committee conducting the hearing”Map →

personMike Crapo“Ranking member of the Senate Committee on Finance”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance60
How much this matters to a regular citizen
Controversy40
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz20
Current news / social attention level

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