Thank you for participating in the Alliance's Senate "Blank Slate" Grassroots Campaign. The deadline to take action on this issue - July 26, 2013 -has now passed. The Alliance greatly appreciates all of the support that has been generated through this campaign.
On June 27, 2013, Senator Max Baucus (D-Mont.), chairman of the Senate Finance Committee, and his GOP counterpart, Senator Orin Hatch (R-Utah) sent a letter to every member of the Senate proposing a "blank slate" approach to tax reform. This approach would eliminate virtually every tax preference and exemption from the current Tax Code - including the deductions for mortgage interest and charitable contributions - and require those who benefit from such provisions to make a compelling case to lawmakers that such policies should be restored.
Baucus and Hatch stated in their letter that each credit and deduction will be scrutinized and those that cannot be justified will be eliminated. "We plan to operate from an assumption that all special provisions are out unless there is clear evidence that they: 1) help grow the economy, 2) make the tax code fairer, or 3) effectively promote other important policy objectives," said the letter. Baucus and Hatch indicated that "some existing tax breaks should be preserved in some form," and asked their colleagues in the Senate to send them feedback on priorities for preserving such provisions by July 26.