Senate Finance restarts tax reform debate

The Senate Finance Committee is gearing up yet again for a crack at comprehensive tax reform.

Chairman Ron WydenRonald (Ron) Lee WydenOvernight Health Care: Trump eases rules on insurance outside ObamaCare | HHS office on religious rights gets 300 complaints in a month | GOP chair eyes opioid bill vote by Memorial Day Trump eases rules on insurance sold outside of ObamaCare Grassley, Dems step up battle over judicial nominees MORE (D-Ore.) and ranking member Orrin HatchOrrin Grant HatchOvernight Finance: NAFTA defenders dig in | Tech pushes Treasury to fight EU on taxes | AT&T faces setback in merger trial | Dems make new case against Trump tax law | Trump fuels fight over gas tax What sort of senator will Mitt Romney be? Not a backbencher, even day one Lawmaker interest in NAFTA intensifies amid Trump moves MORE (R-Utah) announced a slate of summer hearings devoted to a tax code overhaul, underlining their renewed effort at taking on the massive project.

“This summer, the Senate Finance Committee will forge ahead with hearings that examine reforming the broken, dysfunctional tax code in areas ranging from taxpayer privacy protection to education to corporate taxation,” the pair said in a statement. “When it comes to tax policy, comprehensive tax reform is our ultimate objective, and we are committed to using these hearings as the building blocks to that goal.”

In June, the committee will devote a hearing to education tax incentives, while July has hearings scheduled for taxpayer protection and modernizing the corporate code.

The hearings could serve as an effective reset button for the tax reform debate, as the primary players in the last push head for the exits. The previous heads of Congress’s tax-writing committee vowed to take on tax reform but failed to make any headway.

Wyden has already replaced former Sen. Max BaucusMax Sieben Baucus2020 Dems pose a big dilemma for Schumer Steady American leadership is key to success with China and Korea Orrin Hatch, ‘a tough old bird,’ got a lot done in the Senate MORE (D-Mont.), now ambassador to China. And Rep. Dave Camp (R-Mich.), chairman of the House Ways and Means Committee, has announced his plans to retire at the end of the current Congress.

Rep. Paul RyanPaul Davis RyanRepublicans are avoiding gun talks as election looms The Hill's 12:30 Report Flake to try to force vote on DACA stopgap plan MORE (R-Wis.), current head of the House Budget Committee, has said he is interested in taking Camp’s spot in 2015.