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Tax Foundation Skeptical About Retroactive Tax Increases in Baucus Discussion Drafts

In a December 9 report, the Tax Foundation analyzed three tax increases contained within Senator Max Baucus’s (D-Mont.) recent tax reform discussion drafts.  Among the revenue-generating measures Sen. Baucus has proposed to help pay for a reduction in the corporate tax rate, the Tax Foundation identified these three as having a retroactive effect: the deemed repatriation of certain...

Senator Baucus To Be Nominated to China Post; Future of Tax Reform in Doubt

Politico reports President Barack Obama is expected to nominate Senator Max Baucus (D-Mont.) as the next ambassador to China.  News of the expected nomination came on the same day Sen. Baucus released his fourth tax reform discussion draft, focused on modernizing and streamlining energy tax incentives.  While the nomination is not yet official, it is apparently a “done deal”...

Baucus Discussion Drafts – Where’s the Rate?

The issuance of three tax reform discussion drafts by Senator Max Baucus (D-Mont.) within the last two weeks has left many U.S. businesses wondering, “Where’s the Rate?”.  While Sen. Baucus has said that he wants to reduce the corporate tax rate to less than 30 percent from the current 35 percent, the discussion drafts, which include proposals for international tax reform and the...

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