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ARTICLE · 10 OCTOBER 2014

Tax Policy Update - September 29, 2014

Three is the number of major election forecasting models predicting a likelihood that Republicans will win the six Senate seats needed to secure a majority.

United StatesTax

NUMBER OF THE WEEK: 3

The number of major election forecasting models predicting an increased likelihood that Republicans will win the six Senate seats needed to secure a majority in the chamber, according to the Washington Post.

LEGISLATIVE LANDSCAPE

House and Senate: Both chambers are in recess until after the November midterm elections.

And the Gavel Goes To... Rep. Paul Ryan (R-WI), who is widely assumed to become the next chairman of the House Ways & Means Committee in 2015 when current Chairman Dave Camp (R-MI) retires, will not ascend to the helm of the tax-writing committee unopposed. House Ways and Means Committee member Kevin Brady (R-TX) formally announced on Sept. 25 that he will challenge Ryan for the position. Brady, who has more seniority on the committee than Ryan, told the Washington Post, "I'm a proven leader on tax reform, trade, and health care." Read the full Washington Post story here.

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