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Chuck Schumer

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Top Chuck Schumer Articles see all

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  • U.S. Democrats weigh options to fight tax inversions

    (Reuters) - U.S. lawmakers are considering proposals to deal with a rising number of U.S. companies reincorporating overseas to slash their tax bills.
  • Treasury chief urges reforms to keep firms from dodging U.S. taxes

    Treasury chief urges reforms to keep firms from dodging U.S. taxes
    As Congress returned to work this week, Treasury Secretary Jacob J. Lew sent an urgent reminder to lawmakers: It is "imperative" they act now to reduce the number of corporations relocating overseas to avoid paying U.S. income taxes. In challenging...

    Blumenthal: This Is 'A Consensus Moment' For Better Rail Safety

    With derailments, near accidents and safety lapses occurring at railroads in numerous states, Sen. Richard Blumenthal predicts that senators from all regions of the country — and both political parties — will embrace his proposal for reforming...

    Treasury's Lew urges action on 'inversion' tax deals

    WASHINGTON (Reuters) - Treasury Secretary Jack Lew called on Monday for prompt action to stem the surge of U.S. businesses reincorporating abroad in "inversion" deals to avoid corporate U.S. income taxes, but offered no new ideas. While proposals stacked...

    Draft U.S. tax inversion plan would target earnings stripping

    WASHINGTON (Reuters) - The No. 3 U.S. Senate Democrat has circulated a draft proposal to crack down on U.S. companies that invert, or merge with foreign competitors to get lower tax rates, and it would apply to deals as far back as 1994. The plan...