Tax Policy Update - January 20, 2015

NUMBERS OF THE WEEK: $320 Billion And ZERO

The first is the amount in tax increases over 10 years under President Obama's tax plan, which will be officially unveiled during this evening's State of the Union address. The latter is the number of Republicans who have anything positive to say about it. Find more details on the administration's tax proposals in the SOTU TAX PREVIEW below.

LEGISLATIVE LANDSCAPE

Hatch Outlines Committee Priorities for the Year. Just this morning, Chairman Hatch described his vision for the committee's work this year while speaking at an event hosted by the U.S. Chamber of Commerce. In addition to the committee's efforts to make progress on trade agreements and roll back various elements of the Affordable Care Act, Hatch said tax reform is the top priority. He expressed his disappointment with President Obama's approach on individual tax proposals, which is expected to be formally spelled out during tonight's State of the Union address.