The U.S. Senate Committee on Finance convened on September 10, 2025, to discuss the nominations of Jonathan Greenstein for Deputy Under Secretary of the Treasury and Donald Korb for Chief Counsel of the IRS and Assistant General Counsel of the Treasury. A significant focus of the meeting was the implications of recent tax legislation, particularly concerning corporate tax breaks.

During the session, concerns were raised about the impact of tax breaks included in a bill associated with former President Donald Trump. Critics highlighted that these provisions could lead to increased costs for American families while benefiting large corporations. Notably, the bill was criticized for offering substantial tax incentives to companies like Meta and Amazon for research and experimentation expenses that had already been incurred. This retroactive tax break is projected to cost the federal government approximately $67 billion in the upcoming year.

Senators questioned Korb about his role in drafting regulations that could influence the value of these tax breaks. Given his extensive background representing Fortune 500 companies in tax disputes, there were concerns about potential conflicts of interest and how his guidance might affect corporate tax liabilities. The discussion emphasized the need for clarity on how such tax incentives would ultimately benefit American families, with skepticism about their effectiveness in lowering costs for everyday citizens.

The meeting underscored the ongoing debate over tax policy and its implications for both corporations and the general public. As the committee moves forward with the nominations, the discussions around corporate tax breaks and their impact on families will likely remain a critical point of contention.