Institution. Ive been at the Tax Policy Center just over a month now and im excited to be part of this fantastic organization. We have a Wonderful Program today covering prospects for corporate or business tax reforms and featuring a number of perspectives. We have senator ron wyden, alan arback, a major step toward reform followed by a panel of experts to discuss the pros and cons of this approach. Well finish up today with the American Action forum providing his views on the need and Corporate Tax reform. As we go through the program, i encourage the audience live at urban when commenting on todays event and in addition to those viewing with questions of the speakers, please send those to events at urban. Org. Well have someone minnesota forrifo. Someone monitoring an email box. For people in the audience, theres comment cards on your chairs and all the other q and as pass a microphone. I think thats it for the housekeeping announcements i have. So let me turn to the formal part and
By a panel of experts to discuss the pros and cons of the approach. To finish up the American Action form. As we go through the program encourage the audience choose the live at urban. In addition for those viewing please send the questions via email to events at urban. Org. Some monitoring emails to be folded into the discussion. People people in the audience today there, cards on your chairs, all the other q a sessions will pass run a microphone. That is it for the housekeeping announcements. Will talk to our keynote speaker. Senator senator wyden is a senior senator from morgan having served over two decades. His currently the Ranking Member on the Senate Finance committee which oversees policies, trade policy, social security, social security, medicare and medicaid and others. Hes known for his work ethic and commitment to developing Bipartisan Solutions traditions problem including broadbased tax reform. Several years ago he teamed up to develop a tax reform that was analyzed to d
Morning, everybody. Welcome to todays event sponsored by the Tax Policy Center. My name is mark mazur. Im the director of the tax policy from which is cosponsored by the urban institute and the brookings institution. Ive been at the Tax Policy Center just over a month now and im excited to be part of this fantastic organization. We have a Wonderful Program today covering prospects for corporate or business tax reforms and featuring a number of perspectives. We have senator ron wyden, alan auerbach, who will discuss the destination based cash flow tax as a major step toward reform, followed by a panel of experts to discuss the pros and cons of this approach. Well finish up today with the American Action forum providing his views on the need and prospects for Corporate Tax reform. As we go through the program, i encourage the audience live at urban when commenting on todays event and in addition to those viewing with questions of the speakers, please send those to events at urban. Org. W
In open to amendment at any point. At this point, i offer the enemy , theed in substitute nature of the substitute will be considered as read in open to the open to it than that at any point. Chief now turn it to the of staff on the committee of taxation to provide a description of the amendment. I ask members to hold his questions until after his presentation. Hisisturb are told . Presentation. Mister bartold . Jcs x 10 and 11 in front of you underlying the nature of the substitute. This document describes to provisions. Two it is an allocated fee for 2017. It is 4 billion. In 2018, 4. 1 billion. It is allocated among manufacturers aced total market sales. The proposal before you would eliminate this fee for calendar years after 2017, effective in 2018. My colleagues have estimated this proposal will lose 24. 8 billion over the budget period. The other provision that is part of this it is budget reconciliation recommendation relates to the annual fee on Health Insurance providers. It
Provide a legislative professor, alan arback to discuss the major step towards reform and a panel of experts to discuss the pros and cons of this approach. And well finish up today with doug holtz with his views on the need for Corporate Tax reform. As we go through the program today, i encourage the audience to use the hashtag live at urban with todays event and on webcast, if you want to ask questions of the speakers, go to events urban. Org. Well have someone mon orriitor the email box so they can be folded into the discussion. For people today, the comment cards on your chairs or senator wieden. All others will pass around a microphone. I think thats it for the housekeeping thouchannouncement have, so let me turn to a formal part and introduce senator ron wyden. Senator wyden is from oregon, served two decades after distinguished house career. Senator wyden is currently the Ranking Member of the Senate Finance committee with several trade policy, medicaid, medicare, many other prog