House Ways and Means Committee Chair Proposes Harsh Taxes on Synthetic Equity in SESOP Companies

October 2007
ESOP Report;Oct2007, p1
Trade Publication
The article discusses the Tax Reduction and Reform Act of 2007 proposal of the Ways and Means Committee of the U.S. Congress. It is discussed that the proposal impacts the capacity of an S Employee Stock Ownership/Option Plan (ESOP) corporation to compensate its employees with synthetic equity. The proposal is further described as part of a large tax proposal which primary focus is to eliminate the Alternative Minimum Tax system. It aims to raise taxes for upper income tax brackets, and lower taxes for middle class and lower income tax brackets.


Related Articles

  • New Tax Changes Could Cost Your Business. STEIN, RUSSELL J. // Business NH Magazine;Oct2014, Vol. 31 Issue 10, p31 

    The article focuses on the impact of proposed changes to federal tax law and the Massachusetts tax change on businesses in New Hampshire. Topics include the proposed Tax Reform Act of 2014 by David Camp, the chairman of the U.S. House Committee on Ways and Means, which includes a provision...

  • Kick Off Tax Reform 2008 Proposal Has ESOP Provision.  // ESOP Report;Oct2007, p7 

    The article discusses the tax reform proposal of the House Ways and Means Committee of the U.S. Congress which will affect the Employee Stock Ownership/Option Plan (ESOP). The ESOP Association sent an information to all its members stating that the proposal will limit executive compensation in...

  • Rangel's mother.  // Hill;10/26/2007, Vol. 14 Issue 126, p16 

    The author reflects on the tax reform proposed by the U.S. House Ways and Means Committee Chairman Charles Rangel. Rangel proposes a 4% surtax on incomes of $150,000 or $200,000 for a married couple that would rise up to 4.6% for incomes over $500,000. The author cites Rangel's argument that his...

  • Federal tax overhaul in the works. MARINO, JOHN // Caribbean Business;11/3/2011, Vol. 39 Issue 43, p27 

    The article reports on the initiative of U.S. House Ways & Means Committee Chairman Dave Camp of a federal corporate tax overhaul. It says that the effort was embraced by Democrats and Republicans to undertake a federal tax reform. It states that the corporate tax proposal could undercut the...

  • Rep. Larson: Munis 'The Lifeline of Any Given Community'. Jagoda, Naomi // Bondbuyer.com;4/28/2015, p1 

    House Ways and Means Committee member Rep. John Larson considers municipal bonds to be "the lifeline of any given community."

  • House panel approves Superfund tax package. Hofmann, Mark A. // Business Insurance;8/22/94, Vol. 28 Issue 34, p1 

    Reports on the approval of the House Ways and Means Committee of an $8.1 billion Superfund tax package. Features; Groups complaing of being taxed without being asked for input; Cost of EIRF tax for all insurers and reinsures over ten years; Financing of the fund; Percentage of the retroactive...

  • RUBIN SANDWICH. Judis, John B. // New Republic;08/25/97, Vol. 217 Issue 8, p11 

    Focuses on the disagreement between U.S. Treasury Secretary Robert Rubin and House Ways and Means Chairman Bill Archer together with his fellow Republicans over taxation policies. Benefits of the tax proposals by Archer and the Republicans to wealthy investors; Achievements of Rubin as Treasury...

  • Focus on taxes: a checklist. Rolphe III, John F.; Ruempler, Henry C. // Banking;Oct75, Vol. 67 Issue 10, p27 

    Presents an update related to taxation in the U.S. as of October 1, 1975. Court decision of a Los Angeles, California federal judge regarding the reimbursement of a bank; Expectation from the U.S. House Ways and Means Committee to report out a comprehensive tax reform bill; Rule issued by the...

  • Bill Would Allow Companies Access to $15B of Tax-Exempts. Sanchez, Humberto // Bond Buyer;2/26/2004, Vol. 347 Issue 31829, p5 

    U.S. Republican Sam Johnson plans to introduce a bill that would change the tax law to allow private companies to use up to $15 billion of tax-exempt private-activity bonds that would be exempt from state volume caps in order to finance the construction of highway and inter-modal freight...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics