“Our upcoming hearing will be an important step in our plan to address this serious problem,” Brady said in a statement. “We will continue to take action to make it easier for American companies to invest at home and hire more American workers.”
BUSINESS ROUNDTABLE DOESN’T WANT PIECEMEAL TAX REFORM. Brady may be holding the hearing but the new chairman of the powerful Business Roundtable, Doug Oberhelman, told the Wall Street Journal that he believes the best way to fix the corporate tax code is to rewrite it entirely.
The business tax system is broken, and those problems can only be addressed comprehensively, said Doug Oberhelman, the new chairman of the Business Roundtable, an association of large companies’ chief executives……House Republicans have been considering a piecemeal approach to address what they see as urgent problems in the international tax system, including corporate inversions and foreign takeovers of U.S. companies. Their broader plans, shelved until 2017, would require lowering the individual income tax rates that apply to many smaller companies’ profits, and President Barack Obama’s administration has made clear that he won’t lower tax rates for high-income households.
ENZI DIGS INTO GOVERNMENT PR FUNDING. The Government Accountability Office is stepping in to help Senate Budget Committee Chairman Mike Enzi (R-Wyo.) uncover how much the federal government spends each year on public relations campaigns, according to the Morning Consult.
The Wyoming Republican’s office said Wednesday the U.S. Government Accountability Office has agreed to conduct a study into how much federal agencies spend on media relations and advertising, which the nonpartisan Congressional Research Service pegged at nearly $900 million in fiscal year 2013. The Wyoming chairman sent a letter requesting the GAO report earlier this month……The issue has been an ongoing concern for Enzi. In October he sent a letter to Shaun Donovan, the director of the administration’s Office of Management and Budget, requesting a similar breakdown of executive branch public relations spending. OMB has not fulfilled that request, Enzi’s office said, and as a result he turned to the GAO.