United States Congress Joint Committee on Taxation

The Joint Committee on Taxation is a joint committee of the U.S. Congress. The committee sit five members of the Senate and five House of Representatives. They come from the Senate Finance Committee or the House Ways and Means Committee.

The duties of the Committee are:

History

Senator James J. Couzens requested in 1924 that the Senate creates a temporary committee to investigate the Bureau of Internal Revenue. At that time there were numerous reports of inefficiency and waste within the agency, as well as there have been numerous allegations that the method of tax refunds would offer numerous incentives for bribery of tax officials. One of the key tasks that should investigate the then Committee, was the estimate of the value of oil rigs - there seemed to be no system, no coherence and apparently no competent supervision of the process that took place at that time.

After the senator had in 1925 publicly accused the Bureau, the state withhold millions of tax dollars through the preferential treatment of large companies, precisely that Bureau informed him shortly afterwards with him to nachbezahlen $ 10 million in personal taxes. At that time it was Finance Minister Andrew W. Mellon as primarily responsible for having done this in retaliation against Couzens. Mellon was the principal owner of Gulf Oil, a company that had largely benefited by the challenged action of the Bureau of Couzens.

The investigations of the Senate Committee led to the Revenue Act of 1926, which provided, among other things, to establish a joint committee to oversee the financial authorities. An originally launched by the House of Representatives temporary Commission should monitor the work of the tax authorities. The Senate exacerbated the proposal and suggested a standing committee with permanent staff and a further Untersuchungsuaftrag ago. Finally, the Senate version passed into the Revenue Act.

First Chief of Staff of the Joint Committee was LH Parker, who had already been Couzens ' inquiry committee of senior officials in Senator. The Committee published its first report on the activities of the federal tax authorities on December 31, 1927; it contained several proposals to simplify the tax system and make it more transparent, among other things, for the income tax.

Since 1928 have the tax types that examines the Committee increased, as well as the minimum financial limit, in which he acted, increase of $ 75,000 to $ 2,000,000.

Members in the 112th Congress

Senators:

Representatives:

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