Senate Republican tax chief wants dividend deduction in tax reformWASHINGTON (Reuters) - The U.S. Senate’s top Republican on tax policy said on Tuesday that allowing U.S. corporations to deduct dividend payments to shareholders from federal income tax could overcome problems facing Republican efforts to overhaul the U.S. tax code. In a statement at the outset of a tax reform hearing, Senate Finance Committee Chairman Orrin Hatch said he sees the proposal known as “corporate integration” as a way to end the perceived double taxation of U.S. companies through tax legislation that would also reduce the statutory U.S. corporate income tax rate, which now stands at 35 percent. “This idea – whether it applies fully or in some other limited way – can help address a number of the problems we’re trying to solve with comprehensive tax reform,” said Hatch, a member of the “Big Six” tax policy makers from the Trump administration and Congress who are expected to issue a tax reform blueprint next week.      politicsNews
senate republican tax chief wants dividend deduction tax reformwashington reuters the senate top republican tax policy said tuesday allowing corporations deduce dividend payments shareholders federal income tax could overcome problems facing republican efforts overhaul tax code in statement outset tax reform hearing senate finance committee chairman train hatch said sees proposal known corporate integration way end perceived double taxation companies tax legislation would also reduce statutory corporate income tax rate stands percent this idea whether applies fully limited way help address number problems trying solve comprehensive tax reform said hatch member big six tax policy makers trump administration congress expected issue tax reform blueprint next week politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Senate Republican tax chief wants dividend deduction in tax reformWASHINGTON (Reuters) - The U.S. Senate’s top Republican on tax policy said on Tuesday that allowing U.S. corporations to deduct dividend payments to shareholders from federal income tax could overcome problems facing Republican efforts to overhaul the U.S. tax code. In a statement at the outset of a tax reform hearing, Senate Finance Committee Chairman Orrin Hatch said he sees the proposal known as “corporate integration” as a way to end the perceived double taxation of U.S. companies through tax legislation that would also reduce the statutory U.S. corporate income tax rate, which now stands at 35 percent. “This idea – whether it applies fully or in some other limited way – can help address a number of the problems we’re trying to solve with comprehensive tax reform,” said Hatch, a member of the “Big Six” tax policy makers from the Trump administration and Congress who are expected to issue a tax reform blueprint next week.      politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: senate republican tax chief wants dividend deduction tax reformwashington reuters the senate top republican tax policy said tuesday allowing corporations deduce dividend payments shareholders federal income tax could overcome problems facing republican efforts overhaul tax code in statement outset tax reform hearing senate finance committee chairman train hatch said sees proposal known corporate integration way end perceived double taxation companies tax legislation would also reduce statutory corporate income tax rate stands percent this idea whether applies fully limited way help address number problems trying solve comprehensive tax reform said hatch member big six tax policy makers trump administration congress expected issue tax reform blueprint next week politicsnews