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FEDERALhearing transcript

Senate Finance Committee Hearing on Business Tax Reform

Original title: BUSINESS TAX REFORM

January 1, 2018

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The Frame

What this does

The hearing served as a foundational discussion for federal tax policy changes that affect how businesses are taxed, which influences corporate investment, operational costs, and the broader U.S. economy.

Who is mentioned in the record

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

Business entities

Changes to the tax code discussed in this hearing directly impact the tax liabilities and compliance requirements for businesses.

Tax policy experts

These individuals provide analysis that informs the legislative process regarding tax reform.

What changed

Last recorded activity January 1, 2018.

What's next

Next step not available in the current record.

Summary

This document is the official transcript of a September 19, 2017, Senate Finance Committee hearing regarding potential reforms to the U.S. business tax system. The hearing featured testimony from tax policy experts and industry representatives regarding the structure and impact of business taxes.

Key Facts

  • The hearing took place on September 19, 2017, in the Dirksen Senate Office Building.
  • The session was convened by Chairman Orrin G. Hatch.
  • Witnesses provided testimony on business tax reform, including representatives from the Tax Foundation, Urban Institute, AICPA, and The Real Estate Roundtable.
  • The record includes prepared statements and responses to follow-up questions from the witnesses.
  • Numerous industry coalitions and organizations submitted written communications for the record regarding tax reform priorities.

Frequently Asked Questions

What was the purpose of this hearing?
The hearing was held to gather expert testimony and stakeholder input regarding potential reforms to the U.S. business tax code.
Who testified at the hearing?
Witnesses included Scott A. Hodge (Tax Foundation), Donald B. Marron (Urban-Brookings Tax Policy Center), Troy K. Lewis (AI), and Jeffrey D. DeBoer (The Real Estate Roundtable).

Why It Matters

The hearing served as a foundational discussion for federal tax policy changes that affect how businesses are taxed, which influences corporate investment, operational costs, and the broader U.S. economy.

News Coverage

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

Lobbying Activity

A STREET STRATEGIES

on behalf of National Association of Convenience Stores

2026

FUEL/GAS/OILBANKINGTOBACCOTAXATION/INTERNAL REVENUE CODE

Issues relating to renewable fuels and energy policy Issues relating to UST regulations Issues relating to renewable fuels standard implementation Issues relating to retailer liability associated with selling alternative and renewable fuels Issues relating to the gasoline and diesel fuel excise tax Issues relating to Biodiesel Blenders' Tax Credit Issues relating to the Alternative Fuel Vehicle Refueling Property tax credit Issues relating to Gas prices and fuel markets, price gouging E15 RVP waiver

SMALL BUSINESS MAJORITY FOUNDATION, INC.

1607 STRATEGIES, LLC

on behalf of BMO Financial Corp.

2020

BANKINGTAXATION/INTERNAL REVENUE CODE

Issues related to the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Issues related to proposed rulemaking by the Federal Reserve Board for financial institutions with foreign parent companies. Issues related to the Federal Deposit Insurance Corporation brokered deposits rulemaking.

1607 STRATEGIES, LLC

on behalf of BMO Financial Corp.

2020

BANKINGTAXATION/INTERNAL REVENUE CODE

Issues related to the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Issues related to proposed rulemaking by the Federal Reserve Board for financial institutions with foreign parent companies. Issues related to the Federal Deposit Insurance Corporation brokered deposits rulemaking.

1607 STRATEGIES, LLC

on behalf of BMO Financial Corp.

2020

BANKINGTAXATION/INTERNAL REVENUE CODE

Issues related to the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Issues related to proposed rulemaking by the Federal Reserve Board for financial institutions with foreign parent companies. Issues related to the Federal Deposit Insurance Corporation brokered deposits rulemaking.

1607 STRATEGIES, LLC

on behalf of BMO Financial Corp.

2020

BANKINGTAXATION/INTERNAL REVENUE CODE

Issues related to the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Issues related to proposed rulemaking by the Federal Reserve Board for financial institutions with foreign parent companies. Issues related to the Federal Deposit Insurance Corporation brokered deposits rulemaking.

ERIN ABRAMS

on behalf of VIA TRANSPORTATION, INC.

Senate LDAView filing →

Sponsors

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Discoveries

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

cross reference90% confidence

Extensive Stakeholder Participation

The hearing record includes submissions from a wide array of industry groups, indicating high levels of lobbying interest in the 2017 tax reform process.

Connected Entities

personOrrin G. HatchChairman of the Senate Committee on FinanceMap →
personJeffrey D. DeBoerPresident and CEO of The Real Estate RoundtableMap →
personDonald B. MarronInstitute fellow at the Urban Institute and Urban-Brookings Tax Policy CenterMap →
personRon WydenRanking member of the Senate Committee on FinanceMap →
personTroy K. LewisImmediate past chair of the Tax Executive Committee, AICPAMap →
personScott A. HodgePresident of the Tax FoundationMap →
organizationSenate Committee on FinanceCongressional committee overseeing tax legislationMap →

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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