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Senate Finance Committee Chairman Orrin Hatch (R-UT) on June 16, 2017, called for stakeholder input on tax reform — including business and international tax reform — to be submitted by July 17.

Chairman Hatch said in a letter to stakeholders (attached) that, "after years of committee hearings, public statements, working groups, and conceptual exercises, Congress is poised to make significant steps toward comprehensive tax reform," and is in need of the best possible advice and insight.

The letter said most matters under serious discussion fall under one of four key issue areas:

1. Providing much-needed tax relief to middle-class individuals and families through reforms to the individual income tax system
2. Strengthening businesses — both large and small — by lowering tax rates and broadening the relevant tax base in order to put the economy on a better growth path and create jobs
3. Removing impediments and disincentives for savings and investment that exist in the current tax system
4. Updating our international tax system in order to make our nation more competitive in the global economy and preserve our tax base

Chairman Hatch said lawmakers and stakeholders must "manage expectations and remain willing to compromise on" tax policy preferences, and be mindful of fiscal, economic, and procedural constraints.

Hatch's letter said submissions, which will be kept confidential, should be made by July 17 to the Senate Finance Committee at taxreform2017@finance.senate.gov.

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Contact Information For additional information concerning this Alert, please contact:   Washington Council Ernst & Young    • Any member of the group, at (202) 293-7474.

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ATTACHMENT

Hatch letter