Daily Tax Update - September 12, 2013: No Alternative Plan Yet to Avert Government Shutdown

THE DAILY TAX UPDATE WILL BE PUBLISHED WHEN CONGRESS RETURNS SEPTEMBER 17

No Alternative Plan Yet to Avert Government Shutdown:  Today, House Speaker John Boehner said that Republicans are continuing to work on a plan to fund the government after September 30, but they had not reached an agreement yet.

Boehner said, “There are a lot of discussions going on about how to deal with the [continuing resolution] and the issue of ObamaCare, so we’re continuing to work with our members.”  Boehner added, “There are a million options that are being discussed by a lot of people.” Boehner said, “When we have something to report, we’ll let you know. . . . I’m well aware of the deadlines.  So are my colleagues.  And so we’re working with our colleagues to work our way through these issues.  I think there’s a way to get there.”

Sen. Hatch Suggests Tax Reform Could be Completed Next Year:  In remarks yesterday, Ranking Senate Finance Chairman Orrin Hatch (R-UT) suggested that tax reform could be completed by the end of 2014 if Republicans and Democrats can reach a consensus.

Hatch said that the committee is still “a little bit of a ways” from having bill to consider.  Hatch also said that the Democratic requirement that tax reform raise revenue is an impediment.  Hatch said, “The Democrat leadership doesn't seem to be too enthusiastic about getting tax reform done this year, and that makes it much more difficult, but they can't dictate what the committee does.”