Senate Finance unveils tax reform groups

Senate Finance Committee Chairman Orrin HatchOrrin Grant HatchLobbying world Congress, stop holding 'Dreamers' hostage Drug prices are declining amid inflation fears MORE (R-Utah) is rolling out working groups to help his committee sift through the challenges of tax reform.

Hatch announced the creation of five separate working groups on Thursday, dealing with individuals, businesses, savings and investment, international issues and community development and infrastructure.

Each group will work with the Joint Committee on Taxation to create a report to be delivered to Hatch and the panel’s top Democrat, Sen. Ron WydenRonald (Ron) Lee WydenDemocrats push tax credits to bolster clean energy Five reasons for concern about Democrats' drug price control plan Senate GOP blocks defense bill, throwing it into limbo MORE (D-Ore.), by the end of May.

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“Republicans and Democrats agree the American tax system is too complicated, unfair, and is hurting economic growth,” Hatch said in a statement.  

“With the launch of these working groups, members will have an opportunity to thoroughly examine the code and put forward smart ideas that will help lay the groundwork for a bipartisan tax overhaul that will provide bigger paychecks, better jobs, and more opportunity for all Americans.”

Former House Ways and Means Committee Chairman Dave Camp (R-Mich.) and Rep. Sandy Levin (D-Mich.) implemented a similar process in 2013, though the House went with 11 working groups. 

House tax writers generally praised the working group process, but Levin later complained that the process soon became much more partisan. Camp released a tax reform bill last year but it gained little traction, even among Republicans.

The move also comes as some senior Senate Republicans, like Sen. John ThuneJohn Randolph ThuneSenate nearing deal on defense bill after setback Congress's goal in December: Avoid shutdown and default No deal in sight as Congress nears debt limit deadline MORE (S.D.), are discussing using budget reconciliation as a way to enact a broad deal to overhaul the tax code for businesses and improve the country’s infrastructure.

Sens. Chuck GrassleyChuck GrassleyGraham emerges as go-to ally for Biden's judicial picks Iowa Democrat drops bid to challenge Grassley after death of nephew Bipartisan senators press FBI, inspector general for changes following Nassar case MORE (R-Iowa), Mike EnziMichael (Mike) Bradley EnziLobbying world Cheney on same-sex marriage opposition: 'I was wrong' What Republicans should demand in exchange for raising the debt ceiling MORE (R-Wyo.) and Debbie StabenowDeborah (Debbie) Ann StabenowBiden signs four bills aimed at helping veterans Five ways Senate could change Biden's spending plan Senate Democrats look to fix ugly polling numbers MORE (D-Mich.) will lead the individual working group, while Thune and Sen. Ben CardinBenjamin (Ben) Louis CardinIt's time for Congress to guarantee Medigap Health Insurance for vulnerable Americans with kidney disease Senators call for Smithsonian Latino, women's museums to be built on National Mall Democrats plow ahead as Manchin yo-yos MORE (D-Md.) will lead the business group.

Sens. Mike CrapoMichael (Mike) Dean CrapoSenate GOP threatens to block defense bill    Republican Senators request military aid for Taiwan amid pressure from China Democrats narrow scope of IRS proposal amid GOP attacks MORE (R-Idaho) and Sherrod BrownSherrod Campbell BrownPowell says Fed will consider faster taper amid surging inflation Biden faces new pressure from climate groups after Powell pick Five Senate Democrats reportedly opposed to Biden banking nominee MORE (D-Ohio) will be atop the savings group. Sens. Rob PortmanRobert (Rob) Jones PortmanBipartisan success in the Senate signals room for more compromise Overnight Defense & National Security — Presented by Boeing — US mulls Afghan evacuees' future Hillicon Valley — Presented by Ericsson — DOJ unveils new election hacking charges MORE (R-Ohio) and Charles SchumerChuck SchumerThe Hill's Morning Report - Presented by Facebook - The omicron threat and Biden's plan to beat it Lawmakers take aim at 'Grinches' using bots to target consumers during holidays Democratic frustration growing over stagnating voting rights bills MORE (D-N.Y.) will lead the group tackling international issues, while Sens. Dean HellerDean Arthur HellerNevada becomes early Senate battleground Nevada governor Sisolak injured in car accident, released from hospital Democrats brace for tough election year in Nevada MORE (R-Nev.) and Michael BennetMichael Farrand BennetSenators call for Smithsonian Latino, women's museums to be built on National Mall Sununu exit underscores uncertain GOP path to gain Senate majority 'An earthquake': GOP rides high after Democrats' Tuesday shellacking MORE (D-Colo.) will take the infrastructure group.