Focus Of The Hearing:
The hearing will focus on the taxation of debt and equity and the broader economic implications of this treatment. At the hearing, JCT staff will formally present two reports on the taxation of debt financing relative to equity financing. These JCT staff reports were requested by Ways and Means Committee Chairman Camp and Senate Finance Committee Chairman Baucus at the organizational meeting of the Joint Committee on Taxation on March 15, 2011.
Dr. Simon Johnson
Ronald A. Kurtz Professor of Entrepreneurship, Massachusetts Institute of Technology Sloan School of Management, former Economic Counsellor and Director of the Research Department at the International Monetary Fund
Testimony Truth in Testimony