Tax News & Views - April 11, 2014
Vol. 15, No. 16
Tax Policy Group, Deloitte Tax LLP
- House taxwriters mull future of extenders – The House Ways and Means Committee held its first in a planned series of hearings to consider which expired or expiring temporary tax provisions should be made permanent and which should be jettisoned from the code.
- Ryan budget clears House – The House of Representatives narrowly approved the fiscal year 2015 budget resolution recently put forward by Budget Committee Chairman Paul Ryan.
- Senate approves pension smoothing, extension of Customs user fees to offset federal jobless benefits – A Senate-approved bill to retroactively extend long-term federal unemployment benefits that lapsed at the end of last year would be offset in part by a “pension smoothing” provision which would modify the interest rate that employers must use to calculate their pension plan liabilities for purposes of determining their annual minimum funding obligations.
- A note on our publication schedule – Barring unexpected developments in tax policy, the next edition Tax News & Views will be published after Congress returns from its upcoming two-week recess on April 28.
See attached file for details.
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