Tax reformers see hope in budget deal
Posted: 12/16/2013 |
Congressional tax writers, left reeling after a string of setbacks to tax reform, say ratification of the budget pact could give them new momentum next year.
Senate Finance Chairman Max Baucus (D-Mont.) and House Ways and Means Chairman Dave Camp (R-Mich.) have seen their efforts stymied and criticized in recent months.
But the budget deal struck this week includes no new revenues from ending tax breaks, giving them free reign to pursue full-scale rewrite of the tax code.
Source: The Hill