On Thursday, the Republican staff of the Senate Finance Committee released a report on the prospects of tax reform in the next session of Congress. The report gives insight into what policy reforms Sen. Orrin Hatch, R-Utah, might push as he takes over the committee when Republicans assume control of the Senate next month.

“I do not believe we can consider tax reform to be an optional exercise — it is a matter of necessity,” Hatch wrote in the report’s foreword. “That is why I am optimistic that there is enough goodwill in Washington and throughout our country to make this effort successful.”