NUMBER OF THE WEEK: 201
The number of times Sen. Orrin Hatch (R-UT), the
presumed chairman-in-waiting of the Senate Finance Committee, has
called for tax reform in press releases on the Ranking Member page
of the Senate Finance Committee's website.
In this week's Tax Policy Update.... the
election's impacts on tax policy, extenders in the lame-duck,
FIRPTA fix lurking, EU "state aid" tax investigations
expected to soar, SCOTUS to hear Obamacare tax subsidy
challenge.
LEGISLATIVE LANDSCAPE
Election Recap. Last Tuesday's midterm
election results signaled major changes coming to Capitol Hill in
2015. For the first time in eight years, Republicans have won
control over both houses of Congress, picking up at least seven
seats in the Senate, for a 52-seat majority, with results
outstanding in Alaska and Louisiana, where incumbent Senator Mary
Landrieu (D) will face a runoff election against Republican
challenger Bill Cassidy on Dec. 6.
