Review your preferred news sources and attempt to determine who is likely to be appointed chair of the Ways and Means Committee of the House of Representatives, which has responsibility for issues regarding taxation. (This issue is evolving and a chair may be appointed before this assignment is due; please provide the answer that is true as of the date you submit your assignment.)

 

2. Who is the chair of the Senate finance committee? Who is the ranking member?

3. Who is the secretary of the treasury? What is the secretary's highest degree obtained and which university granted it?

4. Refer to Section 121 of the Internal Revenue Code. a. On what date was this section first enacted by Congress? What is the public law number that enacted it?  b. On what date was the most recent change to this section made? What is the public law number that enacted the change?