Health Reform: $800 Billion in Tax Cuts
The Affordable Care Act provides individuals, families, and small businesses with more than $800 billion in tax cuts to help make health care more affordable. It’s a net tax decrease of $588 billion for middle-class families. In addition, the law reduces the deficit by more than a trillion dollars in the coming decades.
Learn more about the tax cuts in the Affordable Care Act
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A New Tax Code for a New Era
Chairman Baucus has led the way on comprehensive tax reform. He sees the four goals at the center of his effort – job creation, competitiveness, innovation, and opportunity – as the keys to cementing America's lead in the 21st century global economy. Baucus laid out his vision for tax reform in a keynote address at the Bipartisan Policy Center, asserting that tax reform can produce results: “jobs through broad-based growth; a tax code that puts America and our businesses in the best position to compete in the global economy; more home-grown innovation; and opportunity so all our citizens have a chance at the American dream.”
Read Chairman Baucus' full speech on tax reform
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Putting America Back to Work
Chairman Baucus is working on several fronts to create jobs and put people back to work. Enacting the free trade agreements with South Korea, Colombia and Panama will create jobs and open new markets to American ranchers, farmers and businesses, and renewing Trade Adjustment Assistance in tandem with those agreements will guarantee that U.S. workers have the resources they need to prosper in the global economy. A simpler, fairer tax code will create certainty for businesses and families and help them make wise, job-creating investments. And a smart, balanced deficit reduction package will stabilize the American economy and promote long-term growth.
Learn more about Chairman Baucus’s work to create jobs
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About the Finance Committee Leadership
The Senate Finance Committee is led by Chairman Max Baucus (D-Mont.) and Ranking Member Orrin G. Hatch (R-Utah). Senators Baucus and Hatch have served together on the committee since 1991. The Finance leaders pride themselves on working together to create meaningful legislation that can garner broad support in the Senate. They have worked together on bills in all areas of the Committee’s jurisdiction from tax and health issues to trade and Social Security.
Learn More about the Committee
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