Dave Camp

Congress is scrutinizing many tax breaks, including the one enjoyed by about 40 million Americans- mainly middle-class voters- for the home mortgage interest they pay. In the House of Representatives, efforts are being led by Michigan Republican Dave Camp, chairman of the tax-writing Ways and Means Committee, which convened the hearing.

WASHINGTON, April 24- A day after announcing he will retire from Congress in 2014, Democrat Max Baucus said he will spend much of his remaining time as a senator stepping up his bid to revamp the complex U.S. tax code. said the Montana lawmaker in an interview with Reuters. "

WASHINGTON, April 24- Coffee chain Starbucks Corp, which has faced criticism for its low tax rate in Britain, has sought new tax breaks in the United States in comments to a congressional committee.

WASHINGTON, April 24- Coffee chain Starbucks Corp, which has faced criticism for its low tax rate in Britain, has sought new tax breaks in the United States in comments to a congressional committee.

WASHINGTON, April 15- The annual cost of corporate tax breaks, including one that eases shifting profits offshore and out of the U.S. taxman's reach, has more than doubled to $180 billion since 1987, according to a report released on Monday.

WASHINGTON, April 11- Treasury Secretary Jack Lew and Republican lawmakers sang the same tune on Thursday on Capitol Hill about the need to revamp the corporate and individual tax codes simultaneously, but there was no harmony on how to get there.

Treasury Secretary Jack Lew and Republican lawmakers concurred on Thursday that overhauls of the corporate and individual tax codes should be tackled together, but their agreement ended there.

WASHINGTON, April 11- President Barack Obama received rare words of praise from a senior House of Representatives Republican on Thursday, with the head of the tax-writing committee saying Obama has "evolved" by explicitly pledging not to raise total corporate taxes as part of a tax overhaul.

WASHINGTON, April 10- President Barack Obama on Wednesday revived a list of his favorite tax ideas, hoping to raise $580 billion in new revenues from the wealthy over a decade in a potential opening gambit to forge a deal with Congress to overhaul the U.S. tax code.

WASHINGTON, April 8- The heads of the two tax-writing committees in Congress brushed aside skeptics on Monday and pledged in an opinion piece published in the Wall Street Journal to seek a bipartisan U.S. tax code overhaul despite fierce political headwinds.

WASHINGTON, March 22- The tax reform tempo is picking up in the U.S. Congress, with lawmakers meeting, task forces floating proposals and lobbyists scurrying to get in on the action- a small piece of which recently took place in an historic Capitol Hill meeting room.

WASHINGTON, March 21- A list of tentative tax reform options was floated on Thursday in the U.S. Senate, including repealing the alternative minimum tax and requiring insurers to report more financial data, along with a range of modest administrative improvements.

WASHINGTON, March 20- A bipartisan group of U.S. lawmakers began a new attempt on Wednesday to pass legislation that puts pressure on China to change its currency practices, reviving an effort that previously failed to make it to the finish line.

The bill is similar to legislation that passed the House of Representatives in 2010 and the Senate in 2011, but which died in Congress before it could reach President Barack Obama's desk to sign into law. Treasury Secretary Jack Lew was wrapping up a two-day visit to China, where he pressed Beijing to allow the yuan to rise further against the dollar.

*President continues wooing members of Congress. WASHINGTON, March 13- President Barack Obama met on Wednesday with his toughest critics in Washington- House of Representatives Republicans- and made little headway in convincing them to accept his demand for tax increases as part of a deficit-reduction deal.

WASHINGTON, March 12- Apple Inc, Microsoft Corp, Pfizer Inc and other big U.S. multinational corporations boosted cash held offshore in 2012, likely in an effort to flee U.S. taxes, said a report released on Tuesday.

WASHINGTON, March 11- The top tax law writer in the U.S. House of Representatives will pitch a plan to revamp the taxation of many small businesses, and some large ones, on Tuesday in his latest bid to rewrite the tax code. Dave Camp, chairman of the House Ways and Means Committee, has said he wants to pass tax reform legislation this year.

WASHINGTON, March 5- Democratic and Republican tax writers in the U.S. Senate will within weeks begin circulating concrete ideas for revamping the U.S. tax code to try to kick-start legislation for this year, a Senate Democratic committee aide said on Tuesday.

Congress could vote on pacts but not amend them.