The working groups are to submit their reports to the Finance Committee by May 2015. However, it will be surprising if this process moves quickly, if at all, this year as there is still a major partisan divide on tax reform issues.
Tax reform is high on the agenda of Congress this year. The movement started at the end of 2013 when it did not pass a tax extender bill for expiring provisions. Instead, that debate was punted to 2014 and was intended to be rolled into a broader, longer-term reform package. At the time, the chairmen of the Senate Finance Committee and House Ways and Means Committee, the tax-writing committees, were Senator Max Baucus (D-Montana) and Representative Dave Camp (R-Michigan), respectively. They started 2014 with p...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
