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 WydenHillicon Valley: Google to limit political ad targeting | Senators scrutinize self-driving car safety | Trump to 'look at' Apple tariff exemption | Progressive lawmakers call for surveillance reforms | House panel advances telecom bills Democrats raise privacy concerns over Amazon home security system Trump tax breaks for low-income neighborhoods draw scrutiny MORE (D-Ore.) and ranking member Orrin HatchOrrin Grant HatchKey Republicans say Biden can break Washington gridlock Trump awards Medal of Freedom to racing industry icon Roger Penske Trump holds more Medal of Freedom ceremonies than predecessors but awards fewer medals 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 BaucusBottom line Overnight Defense: McCain honored in Capitol ceremony | Mattis extends border deployment | Trump to embark on four-country trip after midterms Congress gives McCain the highest honor 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 RyanIs Joe Biden finished? Krystal Ball previews fifth Democratic debate Former Speaker Boehner's official portrait unveiled MORE (R-Wis.), current head of the House Budget Committee, has said he is interested in taking Camp’s spot in 2015.