August 8, 2011

Sam Olchyk quoted in Investment News on new congressional supercommittee

1 min

Venable partner Sam Olchyk was quoted in an August 7, 2011, article in Investment News on Congress' new, so-called supercommittee. Created as part of last week's debt ceiling legislation, the 12-member committee will consist of an equal number of Republicans and Democrats from the House and Senate and will have four months to come up with $1.5 trillion in deficit reduction over the next 10 years.

Commenting on the unlikelihood of broad tax reform coming from the supercommittee, Olchyk said, "Tax reform and the supercommittee have differing objectives… It's difficult to accomplish both within the framework of the committee."