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 WydenDemocratic senator predicts Franken will resign Thursday Avalanche of Democratic senators say Franken should resign Lobbying world MORE (D-Ore.) and ranking member Orrin HatchOrrin Grant HatchMcConnell names Senate GOP tax conferees Ryan pledges 'entitlement reform' in 2018 Utah governor calls Bannon a 'bigot' after attacks on Romney 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.

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“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 BaucusBooker tries to find the right lane  Top Lobbyists 2017: Hired Guns GOP tries to keep spotlight on taxes amid Mueller charges 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 RyanMcConnell names Senate GOP tax conferees House Republican: 'I worry about both sides' of the aisle on DACA Overnight Health Care: 3.6M signed up for ObamaCare in first month | Ryan pledges 'entitlement reform' next year | Dems push for more money to fight opioids MORE (R-Wis.), current head of the House Budget Committee, has said he is interested in taking Camp’s spot in 2015.