Poland’s premier backs under-fire finance minister

Responsibility for survivor benefits shifts from Finance to Welfare Ministry

Credit: Reuters/Peter Andrews WARSAW | Wed Jul 24, 2013 7:54am EDT WARSAW (Reuters) – Poland’s prime minister praised the performance of his finance minister on Wednesday, cooling recent talk that Jacek Rostowski could soon be replaced due to divisions over economic policy. In June, sources close to the government told Reuters that Prime Minister Donald Tusk might want someone else in the finance minister’s post as British-born Rostowski would not accept a loosening of fiscal policy to fix a stumbling economy. This view has since been reinforced by the government’s decision to revise this year’s budget after the slowdown hit tax revenues, a move seen as unpopular with the finance ministry. Local media speculated that Rostowski could be replaced by the European Budget Commissioner Janusz Lewandowski. But Tusk played down such expectations.

Baucus Says Finance Panel to Consider Tax Code This Year

While there have always been issues with how the government has handled payments to survivors, he said, things have improved greatly over the previous decade. Chanoch said that every minister wants to put his imprint on projects under his authority and that there would be an increase in paperwork and changes in personnel under Lapid and Cohens plan. For the survivors, he said, it is so complicated. The state is giving more money, they have good relations with us, they are trying to do their best, he said. So why break it?

Consensus Needed Rob Leonard, a tax lobbyist at Akin Gump Strauss Hauer & Feld LLP in Washington, said Baucus must lay out a complete proposal that best reflects his sense of where he can find consensus on the Finance Committee, which has 13 Democrats and 11 Republicans. A chairman usually does not — and in this case wont — go into a room with a lot of surprises, said Leonard, a former House Democratic staff member whose clients include United Technologies Corp. and the Private Equity Growth Capital Council. I certainly hope that he can get there, Senator Charles Schumer, a New York Democrat on the Finance panel, said of the prospects for committee action. There are a lot of questions that have to be answered, above all, revenues. Baucus, who supports raising additional revenue through a tax rewrite, said when asked about a target figure: Well talk that through in the committee. Senate Republican leader Mitch McConnell of Kentucky said a revamped tax code would be good for the country, while he rejected Democrats proposal for additional revenue.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s