Senate Finance Chairman Max Baucus on Obama Tax Proposal

By May 5, 2009Economy, Taxation

A statement from Senator Max Baucus (D-MT), chairman of the Senate Finance Committee:

“The President’s proposals highlight an important point – our corporate international tax system needs reforming. There are a number of Finance Committee ideas reflected here, such as the proposal to address offshore tax evasion and making the R&D credit permanent for businesses, but further study is needed to assess the impact of this plan on U.S. businesses,” said Baucus. “I want to make certain that our tax policies are fair and support the global competitiveness of U.S. businesses. These policies must be designed to encourage economic growth and create good‐paying jobs Americans need right now. The proposals announced by the President today set the table for tax reform, and I look forward to sitting down with the Administration soon to take up these issues.” 


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