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Washington Watch - November 30, 2011

Wednesday, November 30, 2011

Tax Code Reform Still On Table After Super Committee Fail

Lawmakers are sifting through the remnants of the super committee talks, looking for tax plans to keep after the collapse. The House Ways & Means and Senate Finance committees will work over the next several months to pull together a reform package. House Ways and Means Chairman Dave Camp, R-Mich., and Senate Finance Chairman Max Baucus, D-Mont, both served on the super committee.

Read more about the current tax reform conversation here.


Senate Takes On Payroll Tax Cut

Democrats in the Senate are expected to bring to vote this week an extension of the payroll tax cut, which expires at the end of 2011. The measure would be tied to a 3.25 percent surtax on annual incomes over $1 million. Republicans argue that many taxpayers who make such incomes are owners of smaller companies, paying taxes as individuals rather than as corporations.

Read more below:


Hearing: SBA Meeting Disaster Recovery Needs?

The hearing will be conducted Wednesday, November 30th, in order to examine the Small Business Administration's (SBA) programs that provide long-term disaster recovery assistance. The hearing will focus on the SBA’s implementation of the Small Business Disaster Response and Loan Improvements Act of 2008. The hearing will also examine the changes made in the disaster loan program since Hurricane Katrina in August of 2005.

Click here for more information.


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