U.S. Senate confirms Batchelder for Treasury tax post

imageWorld1 hour ago (Sep 22, 2021 06:26PM ET)

(C) Reuters. FILE PHOTO: Signage is seen at the United States Department of the Treasury headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly

WASHINGTON (Reuters) – The U.S. Senate on Wednesday confirmed Lily Batchelder to serve as assistant secretary for tax policy at the Treasury Department, where she will play a big role in implementing tax changes sought by President Joe Biden and congressional Democrats.

Batchelder won confirmation in a 64-34 vote, with 15 Republicans voting in support of the New York University law professor.

The vote gives the Treasury Department its fourth confirmed political appointee, with at least nine others still awaiting confirmation. Many of Biden’s nominees have been held up by Republican holds over unrelated policy issues.

It came after a vote on cloture, which essentially limits debate on any bill or motion before the Senate and sets a 30-hour window before a final vote must be held. The process eliminates the ability of senators to filibuster, or hold the floor indefinitely, and delay a vote.

Batchelder, who served as the Senate Finance Committee’s chief tax counsel from 2010 to 2014, has pledged to work with Congress on tax policy that fosters economic recovery, promotes equality and addresses climate change.

Senate Finance Committee Chairman Ron Wyden said it was high time the Senate moved forward on Batchelder’s nomination, which was announced in April.

“Secretary (Janet) Yellen needs her full team in place at the Treasury. The country is going to be dealing with the aftereffects of the pandemic economic crash for years to come. There’s a long way to go before full recovery,” he said in a statement on the Senate floor.

U.S. Senate confirms Batchelder for Treasury tax post

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Posts

Subscribe here

Categories

Recent Stories