Daily Tax Update - February 28, 2012: Finance Tax Reform Hearing To Examine Capital Investment & Manufacturing Incentives

FINANCE TAX REFORM HEARING TO EXAMINE CAPITAL INVESTMENT AND MANUFACTURING INCENTIVES:  On March 6, the Senate Finance Committee will continue its series of hearings on tax reform by examining the current incentives in the tax code for capital investment and manufacturing and their contributions to job creation and economic growth.  The hearing is titled "Tax Reform Options: Incentives for Capital Investment and Manufacturing."  According to the Committee, "The witnesses will discuss the effectiveness of these incentives and examine their impact on job creation and economic growth compared to a rate reduction of the same cost.  They will also consider what, if any, changes Congress should make to these incentives through tax reform, including whether temporary provisions should be made permanent to increase certainty for taxpayers and reduce administrative complexity."

  • The witnesses at the hearing will be:
    • Dr. Jane G. Gravelle, Senior Specialist in Economic Policy, Congressional Research Service
    • Dr. Ike Brannon, Director of Economic Policy & Congressional Relations, American Action Forum
    • Dr. Robert D. Atkinson, President, Information Technology and Innovation Foundation
    • Dr. J.D. Foster, Norman B. Ture Senior Fellow in the Economics of Fiscal Policy, The Heritage Foundation
    • Dr. Michelle Hanlon, Associate Professor of Accounting, Sloan School of Management, MIT

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