Katrina's Impact on Tax Discussions

Tax conferees throughout Washington are having to take Hurricane Katrina's blow into account in setting policy and potential law. In three separate posts Tax Analysts reports that the tax reform commission is deferring meetings until the fiscal consequences of Katrina are known, a Republican reconciliation bill has come under fire by Democrats claiming the tax cuts are untimely in the present crisis and Ways and Means Chair William Thomas says that it is too early to know if any tax provisions will be part of a Katrina-based stimulus package.