August 16, 2022

U.S. Senators with Harebrained Tax Reform Ideas Offered an Opportunity

The Senate's top tax writers have promised their colleagues 50 years worth of secrecy in exchange for suggestions on what deductions and credits to protect in tax reform. Finance Chairman Max Baucus (D-Mont.) and the panel’s top Republican, Sen. Orrin Hatch (Utah), are telling skeptical lawmakers that any submission they receive will not be released by either the committee or the National Archives before the end of 2064. Deeming the submissions confidential, the two top tax writers are also ensuring that only certain staff members get access to a senator’s written suggestions. Each submission will also get its own ID number, and be kept on both password-protected servers and a locked safe. [The Hill]

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