[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},"mediaId",6072618,"mediaKeyId","3018194-6a16b1cd9da551dc00c0bab5d8adb0fc","parentId",3018194,"title","Treasury tax‑policy nominee Ken Keyes pressed on TCJA permanence, child credit and lobbying ties","audioSeconds",117,"startMs",2880000,"endMs",2997000,"viewUrl","/Search/View?dp=1&key=3018194-6a16b1cd9da551dc00c0bab5d8adb0fc&start=2880&end=2997","thumbnailUrl","https://assets.pipeline.soar.com/3018194-6a16b1cd9da551dc00c0bab5d8adb0fc/thumbnail_2880000.jpg","articleUrl","/articles/6072618/Treasury-taxpolicy-nominee-Ken-Keyes-pressed-on-TCJA-permanence-child-credit-and-lobbying-ties","mediaUrl","https://secure.pipeline.soar.com/6072618-dea056963efb05e6ede4c6c44786f3c2/orig.mp4?Expires=1770443460&Signature=nyHV6NbLt-WWn9YJFZcHIMMe9AxW4j9qdHPkHYsEgxvzcfKgjMfQGG~~sjLJ~nV4u1bso8cxNSZBE7J2b6Y-b8A27qIfICl1HIW1IIr9sw4iq1lXgURihmV3c~lyHy8u1XCq0HV9uoJu8yQXT91NICZYv7fOCLqkPAVfVFeaJEGdRbB7om1lX~sY5R-e2zDpY7oNFvd6nEQpRZHCLaD1VoqsCJ5g2fXlyxZktWRihDG8dckaGVyajDxUbMQaTgJsW3EM3EtQasq5sXUaswgpEFnRzx~mzswOk87QoyEJ3np~0c-VFxiGHpLkJJMjbRknZMeUjVVrbh7z29LF2-~gfQ__&Key-Pair-Id=KUT5TJCACFTXG","author","U.S. Senate Committee on Finance","date","2025-04-10T00:00:00Z","article","Ken Keyes, President Trump’s nominee for assistant secretary of the treasury for tax policy, defended his long record in tax policy at a Senate Finance Committee hearing while facing persistent questions about the potential fiscal effects of Republican tax proposals and his past private‑sector clients.

Keyes emphasized his decades of experience and repeated that extending 2017 tax law provisions would preserve larger standard deductions and child tax credits for many families. He said allowing the 2017 changes to expire would cut benefits for a typical family of four and described the TCJA as “a very effective pro growth piece of legislation.” Keyes presented revenue comparisons cited during his testimony: total federal revenues rising from about $3.316 trillion in 2017 to about $4.918 trillion in 2024, and corporate income tax revenue rising from $297 billion in 2017 to $529 billion in 2024.

Democratic senators pressed Keyes on distributional effects and cost. Senator Elizabeth Warren and others cited analyses that large corporate and high‑income taxpayers would receive a disproportionate share of proposed benefits; Warren asked whether Keyes would commit to recusing himself from matters affecting former clients beyond the one‑year ethics recusal he described. Keyes said he would comply with the terms of the career ethics letter and the post‑employment restrictions set by ethics officials. He declined to go beyond the ethics agreement in pledging longer recusal periods while in office.

Lawmakers raised corporate tax avoidance and international tax issues. Senator Sheldon Whitehouse pointed to Pfizer and other firms that report profits offshore; Keyes said reforms in 2017 reduced incentives for inversions and made certain offshore arrangements less attractive, but acknowledged complex transfer‑pricing and international tax questions remain.

Questions also covered scorekeeping and baselines: Keyes explained current policy baselines are one of the tools used to evaluate permanence in the tax code and that the Joint Committee on Taxation follows statutory scoring conventions but will produce current policy estimates when requested by members.

Ending: Keyes will submit written answers for questions on the record; committee action is pending.","mediaType","Video","parentTitle","Hearing to Consider the Nominations of William Kimmitt, of Virginia, to be Under Secretary of Commerce for International Trade, vice Maria Louise Lago, resigned, and Kenneth Kies, of Virginia, to be an Assistant Secretary of the Treasury, vice Lily Lawrence Batchelder.","oneSentenceSummary","Ken Keyes, President Trump’s nominee for assistant secretary of the treasury for tax policy, told senators he supports extending key Tax Cuts and Jobs Act provisions but declined to expand ethics recusal commitments beyond his written agreement.","taxTitle","Finance: Senate Committee, Standing Committees - House & Senate, Congressional Hearings Compilation, Legislative, Federal","taxId",1993,"location","","headline","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},6072626,"Senate Finance Committee holds confirmation hearing for William Kimmitt and Ken Keyes",7217,1165000,8382000,"/Search/View?dp=1&key=3018194-6a16b1cd9da551dc00c0bab5d8adb0fc&start=1165&end=8382","https://assets.pipeline.soar.com/3018194-6a16b1cd9da551dc00c0bab5d8adb0fc/thumbnail_1165000.jpg","/articles/6072626/Senate-Finance-Committee-holds-confirmation-hearing-for-William-Kimmitt-and-Ken-Keyes","https://secure.pipeline.soar.com/6072626-50e9b40a7f1cceb548030d336ab16e96/orig.mp4?Expires=1770443460&Signature=WbV~F0r8B4PWbBlgcuCItr2PD1CbwtQJb8MOoSBWTNEoddGlui8wkYvp~pg3OXSM3RLgMhylL2fVeGOTXrYuzSE9fDPmVuIEoAeRiDn3I4aCCXDV6wUVsbsrsUabOPkQ37v2qGdYKHdy8s1XRDpoJPM1OS~RDBhllYDxTb2q1i4n6g9UoZLQv~q3~f~-CC8RMjSTASHI7maxqR0KAVaIB46XM~RAp-xKuNzEvjM4KYgKrHccwMjkNplhXV~o5yxigceqhNYJacJpsdcivjFkoGVNSEFAzgkv~d8Cn45Hgc8TltQQhMU4fpIb4nk-Vzv6HIrYrY1DJhAYoCeddeDBJw__&Key-Pair-Id=KUT5TJCACFTXG","The Senate Finance Committee on April 15 convened a confirmation hearing for two of President Trump’s economic nominees: William Kimmitt, nominated to be undersecretary of commerce for international trade, and Ken Keyes, nominated to be assistant secretary of the treasury for tax policy.

The hearing opened with brief introductions and endorsements from Senators J.D. McCormick and Rob Portman. Committee members from both parties questioned the nominees on trade strategy, tariffs and their effects on prices and markets, and on tax policy including the upcoming expiration of key provisions of the Tax Cuts and Jobs Act (TCJA).

Kimmitt described his public- and private-sector trade experience and said, “If confirmed, I will work every day to advance a trade policy that delivers results for the American people.” He was repeatedly pressed by Democratic senators about the administration’s recent tariff announcements and the near‑term economic impacts on families and small businesses; Senator Ron Wyden and others asked Kimmitt how the trade tools overseen by the International Trade Administration would provide relief to businesses facing higher import costs.

Keyes emphasized his decades of tax practice and committee experience and called permanency for certain TCJA provisions an administration priority. In response to questions about the standard deduction and the child tax credit, Keyes said extending the TCJA provisions would preserve larger standard deductions and credits for many families and described the TCJA as “a very effective pro growth piece of legislation.” He also defended the Joint Committee on Taxation’s historic role in revenue scoring and explained that the “current policy baseline” is one tool members of Congress can request for planning.

Several senators pressed Keyes on conflicts of interest and his prior work for private clients. Keyes said he would comply with the terms of his ethics agreement and with career ethics officials’ guidance.

The hearing recorded no committee votes; senators announced a deadline of 5 p.m. on April 15 for additional questions for the record. The session closed with the chairman urging colleagues to support both nominees and reminding members of the questions‑for‑the‑record deadline.

Ending: The committee did not reach final decisions at the hearing; both nominations will proceed to additional questions for the record and then to a committee vote at a later date.","The Senate Finance Committee on April 15 convened a confirmation hearing for two of President Trump’s economic nominees: William Kimmitt, nominated to be undersecretary of commerce for international trade, and Ken Keyes, nominated to be assistant secretary of the treasury for tax policy.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},6072623,"Nominee for commerce trade post pressed on tariffs, enforcement and market access",1905,2835000,4740000,"/Search/View?dp=1&key=3018194-6a16b1cd9da551dc00c0bab5d8adb0fc&start=2835&end=4740","https://assets.pipeline.soar.com/3018194-6a16b1cd9da551dc00c0bab5d8adb0fc/thumbnail_2835000.jpg","/articles/6072623/Nominee-for-commerce-trade-post-pressed-on-tariffs-enforcement-and-market-access","https://secure.pipeline.soar.com/6072623-45a43ae84961678d3d26d707984d4b74/orig.mp4?Expires=1770443460&Signature=E22iAFEzmLE9bewwVhU4o4HCQfye4jei32E5tSqT4~LtYtyaXq3ve2E4g8E~96AloyaJx1cJ2R-IeCY7SQ-E5svgBX~YUeoHMtjmDS3euV9qIkKyUBo9Z9Qw9iquTXvnWA2cZCZOpu6lH0Lpb7zSq7iFVOX9AS0rirDEWgzsNUNr~VZWNM-cf6qA0GcMBQ2-ir5qWs3NHeLPQC278TgALugWYcZ9SPvw3b2JpD15l1dkxW4TqSZIvLO7uSZpLL1FAIikECinIR-sZxclR2xFwsvkEwE-hn9~znZfjgSOy~qU~E4kCBviEcwQqIMp8ClQN5HX0Gd6ERJ3vAMKpbmBNA__&Key-Pair-Id=KUT5TJCACFTXG","William Kimmitt, President Trump’s nominee to be undersecretary of commerce for international trade, told the Senate Finance Committee he would prioritize export promotion and enforcement if confirmed, but senators pressed him repeatedly about the administration’s recent tariff decisions and their effects on prices and market certainty.

Kimmitt described the International Trade Administration’s global markets and export assistance centers, saying, “the global markets unit in the International Trade Administration plays a bridal, export promotion function” and that he would “give a comprehensive look to those programs” to improve efficiency and benefit farmers and ranchers.

Ranked Member Ron Wyden and others sought concrete relief for small businesses that face higher import costs and immediate uncertainty. Wyden asked, “what's the plan to provide relief now for the small businesses who have to decide between paying tariffs and keeping staff?” Kimmitt responded that the administration’s measures are intended to prompt domestic investment and said he believed some indicators, such as inflation, were improving; he added that tariff decisions are part of a broader economic strategy that includes lower taxes and deregulation.

Several senators raised enforcement concerns. Senator James Lankford and others described circumvention and transshipment (for example, diversion of Chinese goods through Vietnam) that can allow underpriced imports to reach U.S. markets. Kimmitt said he would oversee the Enforcement and Compliance Division at ITA if confirmed and said that he would work with Customs and Border Protection and Congress on legislative and administrative solutions, referencing the Leveling the Playing Field Act and circumvention authority.

Senator Maria Cantwell pressed Kimmitt on integrating environmental competitiveness into trade enforcement; Kimmitt said he viewed low environmental standards as a “trade issue” that can create a non‑tariff advantage and said leveling the playing field could yield related environmental benefits.

No committee action was taken; questions for the record remain open. Senators repeatedly requested that ITA prioritize quicker relief and stronger front‑line enforcement to protect U.S. small and medium‑sized manufacturers and exporters.

Ending: The committee will review Kimmitt’s written answers for the record and later hold a vote on his nomination.","William Kimmitt, nominee for undersecretary of commerce for international trade, faced sustained questioning about recent tariff announcements, short‑term relief for small businesses, circumvention and anti‑dumping enforcement, and whether trade actions would help U.S. exporters.","actionData","errors"]

Article not found

Treasury tax‑policy nominee Ken Keyes pressed on TCJA permanence, child credit and lobbying ties

Senate Finance Committee holds confirmation hearing for William Kimmitt and Ken Keyes

Nominee for commerce trade post pressed on tariffs, enforcement and market access