Oversight is unlikely to consider contempt charges against the IRS official this week.
Sen. Marco Rubio (R-Fla.) said Monday he wants to allow businesses to immediately deduct all investments – a sharp contrast with House Ways and Means Chairman Dave Camp (R-Mich.), who has proposed stretching out depreciation schedules.
Rubio plans to offer a bill he says would prevent a United Nations takeover.
The House’s top tax writer is highlighting areas where he thinks there is common ground.
Rep. Dave Camp hailed the move as a "significant step forward" for his investigation.
"She won’t give us the answers? You’ve got to be kidding me," said Rep. Jim Jordan.
Rep. Marcia Fudge said his behavior at the IRS hearing was an "affront" to the public.
House GOP are heading toward a contempt vote against the former IRS official.
Senate Republicans questioned the level of the Obama administration’s tax hikes proposed in its fiscal 2015 budget, arguing that they could sap energy from economic growth.
Sen. Rob Portman (R-Ohio) expressed concern that the "steep tax increases" on investment income could weigh down economic growth and negate the benefit of $71 billion in additional revenue.
Treasury Secretary Jack Lew sparred with Senate Republicans on Wednesday over proposed changes to an IRS rule designed to clarify the definition of political activity allowed by certain non-profit organizations.
Republican Sens. Pat Roberts (Kansas) and Richard Burr (N.C.) each expressed concerns during a Senate Finance Committee hearing on the fiscal 2015 budget that expanding the rule could stifle political speech and, potentially, lead to more IRS targeting.