The top Republican on the Senate Finance Committee is questioning the decision by Chairman Max BaucusMax BaucusGOP hasn’t reached out to centrist Dem senators Five reasons why Tillerson is likely to get through Business groups express support for Branstad nomination MORE (D-Mont.) to release draft tax reform proposals.
Sen. Orrin HatchOrrin HatchOvernight Finance: US preps cases linking North Korea to Fed heist | GOP chair says Dodd-Frank a 2017 priority | Chamber pushes lawmakers on Trump's trade pick | Labor nominee faces Senate US Chamber urges quick vote on USTR nominee Lighthizer Live coverage: Day three of Supreme Court nominee hearing MORE (R-Utah), the ranking member of the panel, said Tuesday he wanted to wait for the budget conference committee to finish its work before unveiling any tax reform proposals.
But with Baucus expected to unveil some draft proposals Tuesday, Hatch warned that the bipartisan goal of tax reform could “become mired in a partisan desire by some to raise taxes.”
Hatch wants Baucus to hold off on any tax reform proposals before that debate concluded — the budget conference has until Dec. 13 to reach an agreement, but there has been little sign of progress.
Hatch, saying that there remain “significant policy differences” between the two sides on tax reform, said it is too soon to put out proposals.
“I told Chairman Baucus that we would prefer to hold off on releasing any discussion drafts until after the budget conference concludes in order to ensure that tax reform doesn’t become a victim of this partisanship,” he said. “I hope that once the budget conference negotiations have concluded that we can renew our discussions to determine whether we can find common ground to overhaul our tax code.”
Hatch did not say he opposed Baucus’s proposal directly, and said he respected the decision to move ahead with the reform effort even if he disagreed with it.