Senate Finance restarts tax reform debate

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

Chairman Ron WydenRon WydenMnuchin: WH won't double-count economic growth Dem senator: White House stonewalling on important information Overnight Healthcare: CBO fallout | GOP senators distance themselves from House bill | Trump budget chief blasts score | Schumer says House bill belongs 'in the trash' MORE (D-Ore.) and ranking member Orrin HatchOrrin HatchGOP leaders launch internal review into leak Insurers: GOP should keep pre-existing condition protections DOJ pitches agreements to solve international data warrant woes 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 BaucusLawmakers: Leave advertising tax break alone GOP: FBI firing won't slow agenda White House tax-reform push is ‘game changer,’ says ex-chairman 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 RyanGOP leaders launch internal review into leak Opinion | Michael Steele: Gianforte better put his ‘big boy’ pants on Washington needs high-level science and technology expertise – now! MORE (R-Wis.), current head of the House Budget Committee, has said he is interested in taking Camp’s spot in 2015.