{"id":91261,"date":"2017-09-15T01:25:14","date_gmt":"2017-09-15T01:25:14","guid":{"rendered":"http:\/\/usa.timesofnews.com\/top-senate-republican-on-taxes-says-big-six-wont-dictate-reform.html"},"modified":"2017-09-15T01:25:14","modified_gmt":"2017-09-15T01:25:14","slug":"top-senate-republican-on-taxes-says-big-six-wont-dictate-reform","status":"publish","type":"post","link":"https:\/\/usa.timesofnews.com\/breaking-news\/political\/top-senate-republican-on-taxes-says-big-six-wont-dictate-reform.html","title":{"rendered":"Top Senate Republican on taxes says &#8216;Big Six&#8217; won&#8217;t dictate reform"},"content":{"rendered":"<p>WASHINGTON (Reuters) &#8211; The U.S. Senate\u2019s top Republican tax law writer warned on Thursday that the \u201cBig Six\u201d negotiators from the White House, Senate and House of Representatives would not dictate to his committee the direction of expected tax reform legislation. <\/p>\n<p>In a defiant statement coming as Republican leaders from the Trump administration and Congress prepare to unveil their tax reform framework, Senate Finance Committee Chairman Orrin Hatch said his panel would not be \u201canyone\u2019s rubber stamp\u201d and that its legislation would reflect the consensus views of its members. <\/p>\n<p>\u201cThe group \u2013 some have deemed us the Big Six \u2013 will not dictate the direction we take in this committee,\u201d he said. \u201cThe Finance Committee will not be bound by any previous tax reform proposal or framework when we start putting our bill together.\u201d <\/p>\n<p>Overhauling the U.S. tax code is a top priority of President Donald Trump and congressional Republicans, but they have made little progress since taking power in Washington in January via a closed-door process that has excluded Democrats. <\/p>\n<p>The \u201cBig Six\u201d were at the center of this process. Hatch is a member of the select group, along with other Republican tax law writers from Congress and Trump\u2019s top economic advisers. Even after months of talks, basic questions of the Republican tax plan remain unanswered, such as whether or not the tax cuts they want will expand the U.S. budget deficit. <\/p>\n<h4 class=\"RelatedCoverage_related-coverage-title_1iRhG\">Related Coverage<\/h4>\n<ul>\n<li><img decoding=\"async\" src=\"\/\/s4.reutersmedia.net\/resources\/r\/?m=02d=20170914t=1i=1201430777r=LYNXNPED8D1SS\" alt=\"House Republican says tax plan won't have specific rates\" \/><span class=\"RelatedCoverage_related-headline_3gcXy\">House Republican says tax plan won&#8217;t have specific rates<\/span><\/li>\n<li><img decoding=\"async\" src=\"\/\/s2.reutersmedia.net\/resources\/r\/?m=02d=20170914t=1i=1201454573r=LYNXNPED8D20H\" alt=\"Treasury's Mnuchin says no tax cut for wealthy\" \/><span class=\"RelatedCoverage_related-headline_3gcXy\">Treasury&#8217;s Mnuchin says no tax cut for wealthy<\/span><\/li>\n<\/ul>\n<p>Some Republicans have signaled support for deficit-fueled tax cuts, while others oppose the idea and demand revenue-neutral changes, possibly linked to federal spending reductions. <\/p>\n<p>\u201cDisagreements over both substance and process are driving a wedge between senior House Republicans involved in the tax writing process and their Senate counterparts,\u201d Henrietta Treyz of investment advisory firm Veda Partners said in a report. <\/p>\n<p>At a hearing on his panel\u2019s latest tax debate, Hatch seemed to depart from the purely partisan approach represented by the Big Six. \u201cMy preference is to move tax reform through this committee with bipartisan support,\u201d he said. <\/p>\n<p>\u201cI have no desire to exclude my Democratic colleagues from this discussion &#8230; I\u2019ll note that the president and his team have publicly said the same thing this week.\u201d <\/p>\n<p>In a series of White House meetings with top Democrats in recent days, Trump has shown a new willingness to deal with his political opposition on a range of topics, including taxes.  <\/p>\n<p> House Republicans announced on Wednesday that a new tax reform framework would be unveiled on Sept. 25. <\/p>\n<p>Hatch pushed back on claims Republican tax legislation would primarily benefit the \u201cuber rich\u201d and \u201cgreedy corporations\u201d. <\/p>\n<p>\u201cWhile these claims are about as predictable as the sunrise, they are simply not true,\u201d Hatch said. \u201cThat has never been our focus, and it is not our focus now.\u201d <\/p>\n<p> Senator Ron Wyden, the finance committee\u2019s top Democrat, dismissed Trump\u2019s argument on Wednesday that tax reform could raise taxes on the wealthy, saying Trump\u2019s proposals would provide top earners with a \u201clunar crater-sized\u201d loophole by slashing taxes on business income from companies organized as pass-throughs.   <\/p>\n<p>\u201cIt endows future generations of the mega-wealthy,\u201d Wyden said of the one-page tax plan Trump unveiled in April. <\/p>\n<p class=\"Attribution_content_27_rw\">Reporting by David Morgan; Editing by Kevin Drawbaugh and Paul Simao<\/p>\n<p>Article source: http:\/\/feeds.reuters.com\/~r\/Reuters\/PoliticsNews\/~3\/0q72XXTaGRU\/top-senate-republican-on-taxes-says-big-six-wont-dictate-reform-idUSKCN1BP21D<\/a>\r\n<\/p>","protected":false},"excerpt":{"rendered":"<p>WASHINGTON (Reuters) &#8211; The U.S. Senate\u2019s top Republican tax law writer warned on Thursday that the \u201cBig Six\u201d negotiators from the White House, Senate and House of Representatives would not dictate to his committee the direction of expected tax reform legislation. In a defiant statement coming as Republican leaders from the Trump administration and Congress [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[84],"class_list":["post-91261","post","type-post","status-publish","format-standard","hentry","category-political","tag-political"],"_links":{"self":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/91261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/comments?post=91261"}],"version-history":[{"count":0,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/91261\/revisions"}],"wp:attachment":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/media?parent=91261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/categories?post=91261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/tags?post=91261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}