Taxes
Recognizing that the nation’s tax code is broken, Wyden has led the effort for comprehensive tax reform that will simplify the tax code, bring down corporate rates and make the U.S. more globally competitive. Styled after the 1986 tax reform effort -- which aided in creating more than 6.3 million new jobs in the two years after it was enacted -- the Bipartisan Tax Fairness and Simplification Act simultaneously reforms the corporate and individual tax codes and is expected to aid in the creation of millions of new jobs.
Cosponsored by Republican Senator Dan Coats of Indiana, the Bipartisan Tax Fairness and Simplification Act is the first bipartisan, comprehensive tax reform legislation offered in more than 25 years. It has been endorsed by economists, leaders and think tanks across the ideological spectrum and was recommended in the 2010 Fiscal Commission’s report as a way to simplify the tax code and broaden the U.S. tax base.
Latest
-
Wyden at Finance Committee Hearing Examining the Taxation of Business Entities
Posted on 08/01/12 -
Wyden at Finance Committee Hearing on Tax Reforms to Help Young Americans
Posted on 07/10/12 -
Bipartisan, Comprehensive Tax Reform Will Restore America’s Competitive Edge
...Read More
Posted on 05/31/12 -
Wyden at Senate Finance: We've got smart phones and dumb tax policies
Posted on 04/25/12 | -
Senators Seek Two-Year Extension of Wind-Energy Tax Credit
WASHINGTON - Senators Chuck Grassley, Mark Udall, Scott Brown, Tom Harkin, Dean Heller, Ron Wyden, and Michael Bennet today proposed a two-year extension of the wind energy production tax credit scheduled to expire at the end of the year. The bipartisan Read More
Posted on 03/15/12 -
Wyden, Carper, Casey Self-Employment Assistance Bill Included in Payroll Tax Agreement
In a victory for would-be entrepreneurs throughout the country, legislation to give unemployed Americans an opportunity to use their skills to build their own small businesses was included in the agreement on the payroll tax extension. Introduced by U.S. Senator...…Read More
Posted on 02/16/12 | -
Secretary Geithner Nods to Wyden's Comprehensive Tax Reform Efforts
Posted on 02/14/12 |