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Max Baucus

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  • *GE tops list, followed by Microsoft, Pfizer, Merck, Apple. WASHINGTON, April 8- Foreign profits held overseas by U.S. corporations to avoid taxes at home nearly doubled from 2008 to 2013 to top $2.1 trillion, said a private research firm's report, prompting a call for reform by the Senate's top tax law writer.

  • FACTBOX-Members of U.S. Congress who are leaving office Thursday, 13 Feb 2014 | 1:47 PM ET

    WASHINGTON, Feb 13- Forty-two U.S. representatives and senators have announced plans to leave their seats in Congress in advance of mid-term elections in November, including 24 Republicans and 18 Democrats. The latest to announce his departure was Representative Doc Hastings, a 10- term Republican from Washington state.

  • President Barack Obama' s party spoke out on Wednesday against a proposal to give the White House power to fast-track trade deals, delivering another blow to the chances of getting the bill through Congress quickly.

  • Second top Democrat opposes U.S. fast-track trade power Wednesday, 12 Feb 2014 | 6:44 PM ET

    President Barack Obama' s party spoke out on Wednesday against a proposal to give the White House power to fast-track trade deals, delivering another blow to the chances of getting the bill through Congress quickly.

  • WASHINGTON, Jan 31- The Obama administration's tricky final decision on the Keystone XL oil pipeline is several months away, guaranteeing that the project dividing many Democratic voters will be an issue in the midterm elections that could determine control of the U.S. Congress.

  • President Barack Obama' s nod to trade in his annual State of the Union address reflects a delicate political dance and leaves the hard work still ahead in convincing a skeptical Congress to get behind free trade deals.

  • WASHINGTON, Jan 16- The White House will have to step up efforts to build congressional support if it wants to win fast-track authority to enact free trade pacts, a senior Republican lawmaker said on Thursday.

  • *Bill would prevent Congress from amending trade deals. WASHINGTON, Jan 9- U.S. lawmakers on Thursday proposed a bill to give the White House power to fast-track international trade agreements as the United States gears up for a hectic year of trade negotiations.

  • WASHINGTON, Jan 9- U.S. lawmakers on Thursday proposed a bill to give the White House power to fast-track international trade agreements as the United States gears up for a hectic year of trade negotiations. Trade Promotion Authority would let the White House put trade deals before Congress for an up or down vote without amendments.

  • WASHINGTON, Jan 8- The U.S. Chamber of Commerce on Wednesday urged Congress to give the White House authority to fast-track international trade agreements and said major deals in the pipeline could stumble without the measure.

  • WASHINGTON, Dec 20- The U.S. oil industry's powerful lobbying arm said Friday it will push Congress and the Obama administration to consider lifting a ban on crude oil exports in the new year as domestic production is due to hit a record in 2016..

  • Senator Max Baucus, who has long worked on China trade and economic issues, as his next ambassador to Beijing, underscoring the importance of commercial ties with the Asian power.

  • U.S. senator eyes overhaul of energy tax incentives Wednesday, 18 Dec 2013 | 1:28 PM ET

    WASHINGTON, Dec 18- The U.S. Senate's top tax writer unveiled a proposal on Wednesday to change the way the government promotes clean energy by streamlining dozens of federal tax incentives for electricity and fuel production.

  • Key U.S. lawmakers agree to trade authority deal -aides Saturday, 14 Dec 2013 | 2:15 PM ET

    WASHINGTON, Dec 14- Three top U.S. lawmakers on key congressional committees have reached a bipartisan deal on legislation the White House needs to advance international trade agreements and will introduce the measure early next month, congressional aides said on Saturday.

  • WASHINGTON, Dec 11- The top Republican on the U.S. Senate's tax-writing panel on Wednesday endorsed President Barack Obama's nominee to be the next chief of the Internal Revenue Service, smoothing the path for what will likely be a prompt Senate confirmation.

  • WASHINGTON, Dec 10- The Obama administration could secure "fast-track" trade promotion authority from Congress early next year, a leading lawmaker said on Tuesday, handing it the means to secure two big new trade deals. The Obama administration has said it needs Congress to approve TPA, which would allow any trade deal to move swiftly through Congress.

  • *Nominee Koskinen vows to restore public trust in IRS. WASHINGTON, Dec 10- A Senate panel hearing on President Barack Obama's nominee to head the Internal Revenue Service was set to resume Wednesday after it was abruptly halted on Tuesday at a Republican senator's request, committee aides said.

  • *Nominee Koskinen vows to restore public trust in IRS. Afterward, Baucus and Senator Orrin Hatch, the panel's top Republican, issued a joint statement saying they were "working to reconvene the Senate Finance Committee hearing to consider the nomination of John Koskinen to be IRS Commissioner."

  • WASHINGTON, Dec 10- President Barack Obama's nominee to be the new head of the U.S. Internal Revenue Service on Tuesday pledged to restore the public's trust in the tax agency and called on Congress to stop cutting the beleaguered IRS's budget.

  • *Tax-exemption scandal, Obamacare top IRS agenda. WASHINGTON, Dec 9- President Barack Obama's choice for U.S. tax commissioner, a multimillionaire with a reputation for troubleshooting, appears headed for confirmation, but on Tuesday will first face some tough questioning in Congress.

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