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Tax News & Views - June 20, 2014

Vol. 15, No. 24


Tax News & ViewsAuthor
Tax Policy Group, Deloitte Tax LLP

  • Wyden, Hatch hint at short-term highway funding fix – As Senate lawmakers weighed in with more options to replenish the rapidly dwindling Highway Trust Fund, Finance Committee Chairman Ron Wyden, D-Ore., and ranking member Orrin Hatch, R-Utah, indicated that they may opt to move a short-term funding package now and save a long-term solution for a lame duck session after the midterm congressional elections.
  • McCarthy to replace Cantor as House majority leader – House Republicans elected Rep. Kevin McCarthy of California to succeed Rep. Eric Cantor of Virginia as their majority leader after Cantor steps down from the position at the end of next month.

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