U.S. Sen. John Thune (R-S.D), a member of the tax-writing Senate Finance Committee, was today selected by Sen. Chuck Grassley (R-Iowa), chairman of the Senate Finance Committee, to lead the committee’s Subcommittee on Taxation and IRS Oversight. Thune served as a top negotiator during consideration of the Tax Cuts and Jobs Act, a once-in-a-generation law that represents much-needed reforms to the tax code, and he has long advocated for greater transparency and accountability at the IRS.
“I’m honored to have the support of Chairman Grassley to lead this important subcommittee that will focus on issues that are meaningful to South Dakota families and businesses,” said Thune. “I’m eager to build off of the success of the Tax Cuts and Jobs Act and will focus on its implementation to help ensure it continues to bring relief to middle-income Americans. I’ll also work to increase the efficiency and effectiveness of the IRS and hold it accountable when and where possible.”
The Subcommittee on Taxation and IRS Oversight is one of six subcommittees within the Senate Finance Committee. Thune also serves on the Senate Agriculture Committee and the Senate Commerce Committee, and he chairs the Commerce Committee’s Subcommittee on Communications, Technology, Innovation, and the Internet.