Hatch to Hold Finance Hearing on Corporate Integration

WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) will convene a hearing on Tuesday, May 17, to examine corporate integration, and specifically, how allowing corporations to deduct dividends could create a more efficient and fairer system of taxation of corporate profits. The hearing, titled “Integrating the Corporate and Individual Tax Systems: The Dividends Paid Deduction Considered,” will take place at 10:00 a.m. in Room 215 of the Dirksen Senate Office Building. 

 “If done right, corporate integration promises to eliminate the distortive double taxation of corporate earnings and further modernize the tax code, including simplification of the system and an end to some of the gamesmanship,” Hatch said. “With this hearing, members will have the opportunity to explore the pros and cons of corporate integration, and examine how implementing such a proposal would continue to lay the groundwork for a comprehensive tax overhaul while also incentivizing American job creators to keep doing business here at home.”

 The following witnesses are scheduled to testify:

• Mr. Michael J. Graetz, Wilbur H. Friedman Professor of Tax Law and Columbia Alumni Professor of Tax Law, Columbia University, New York, NY
• Ms. Judy A. Miller, Director of Retirement Policy for the American Retirement Association and Executive Director of the American Society of Pension Professionals and Actuaries College of Pension Actuaries, Arlington, VA
• Mr. Steven M. Rosenthal, Senior Fellow, Urban-Brookings Tax Policy Center, Urban Institute, Washington, DC
• Mr. Bret Wells, Associate Professor of Law, Law Center, University of Houston, Houston, TX

For media inquiries and additional information, including webcast and testimony details, please visit: http://finance.senate.gov/hearings.

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