This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

Tax News & Views - December 13, 2013

Vol. 14, No. 51


Tax News & ViewsAuthor
Tax Policy Group, Deloitte Tax LLP

  • House OKs two-year budget plan with new revenue – but no tax increases – The House of Representatives approved a budget agreement that would set discretionary spending levels at just over $1 trillion for each of fiscal years 2014 and 2015, soften the impact of across-the-board sequester spending cuts enacted in 2011, and offset the sequester relief by cutting other spending provisions and increasing certain user fees.
  • Discussion draft on energy tax issues slated for release this year, Baucus says – Senate Finance Committee Chairman Max Baucus, D-Mont., stated in a press interview that he is “hoping to” release a tax reform discussion draft on energy tax issues before the Senate adjourns for the year.
  • Ways & Means tax reform proposal won’t include capital gains tax hike, Camp says – House Ways and Means Committee Chairman Dave Camp, R-Mich., stated that the comprehensive tax reform plan he intends to unveil next year will not include a higher tax rate on income from capital gains.
  • Senate taxwriters clear Koskinen’s nomination to head IRS – The Senate Finance Committee approved the nomination of John Koskinen to serve as the next commissioner of the Internal Revenue Service, clearing the way for a final confirmation vote by the full Senate.

See attached file for details.

Visit the Tax News & Views archive for editions from the past year.

Deloitte Image Subscribe to Tax News & Views

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options

Stay connected