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Read. Follow. Verify.Congressional Hearing on Tax System Improvement Proposals
Record date · January 1, 2017
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What This Bill Does
This document is a transcript record of a May 12, 2016, House on Tax Policy hearing. During the session, numerous members of Congress presented various proposals for modifying the U.S. tax system, and several organizations submitted written testimony regarding specific tax credits and industry-related tax policies.
The hearing served as a formal platform for members of Congress to introduce tax policy changes that could influence future legislation affecting individual and corporate tax obligations.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Members of Congress
They used the hearing to formally introduce and advocate for specific tax policy changes.
Industry Trade Associations
Various groups submitted written testimony to influence tax policy regarding specific credits and deductions relevant to their sectors.
Key Facts
- The hearing took place on May 12, 2016, under the 114th Congress.
- The session was organized into nine panels of members of Congress who presented tax proposals.
- The hearing record includes formal submissions from various industry groups, including the American Bankers Association and the Geothermal Energy Association.
- Specific tax topics addressed in submissions include the 179D tax deduction for energy-efficient buildings and the Adoption Tax Credit.
Show all 5 facts
- The hearing was conducted by the Subcommittee on Tax Policy of the Committee on Ways and Means.
Frequently Asked Questions
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News Coverage
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Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Focus on Energy Efficiency
A significant portion of the submissions for the record focused on energy-related tax incentives, indicating a high level of industry interest in these specific provisions during the 114th Congress.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance40How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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