House and Senate taxwriting panels have scheduled hearings on tax-related issues for the week of May 20.
Economic opportunity in the ‘Rust Belt’
The House Ways and Means Tax Subcommittee announced that it will hold a field hearing in Erie, Pa., on May 20 at 4:00 p.m. to discuss “how US tax policy, such as Opportunity Zones that were created by the [Tax Cuts and Jobs Act of 2017] can drive new investment and community development in underserved areas.”
A witness list was not available at press time. Previous tax-focused field hearings held by the full committee in various regions of the country in 2023 typically featured executives and owners of local businesses who offered their perspectives on the role tax policy can play in addressing the economic issues facing their respective communities.
Tax-advantaged savings accounts benefiting children
Across the Capitol, the Senate Finance Committee announced that it will hold a hearing on May 21 at 10:00 a.m. to examine “child savings accounts and other tax-advantaged accounts benefiting children.”
Witnesses will include William Elliott of the University of Michigan in Ann Arbor; Colleen Quint of the Alfond Scholarship Foundation in Portland, Maine; Veronique de Rugy of The Mercatus Center at
George Mason University in Fairfax, Va.; and Adam N. Michel of the Cato Institute in Washington, DC.
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