Jim Pethokoukis, American Enterprise Institute, weighs in on a proposed plan by Sen. Baucus to tax all income from foreign sales and services.» Read More
WASHINGTON, July 9- The U.S. Senate's Republican leader and one of its most liberal members seldom agree on much, but on Tuesday both threw cold water on efforts by senior tax legislators to overhaul the U.S. tax code by starting with a "blank slate."
WASHINGTON, June 27- The Senate's top Democratic and Republican tax-writers, undertaking a rewrite of the U.S. tax code, on Thursday challenged their Senate colleagues to justify keeping popular tax breaks versus lowering rates.
WASHINGTON, June 27- The Senate's top Democratic and Republican tax-writers, undertaking a rewrite of the U.S. tax code, on Thursday challenged their Senate colleagues to justify keeping popular tax breaks, with the aim of debating legislation after the August recess.
WASHINGTON, June 26- The top Democrat and Republican tax-writers in the U.S. Senate will propose a revamp of the tax code on Thursday that challenges their colleagues to justify retaining some of the country's most cherished tax breaks.
WASHINGTON, June 21- More U.S. senators on Friday raised concerns about a Chinese company's plan to buy U.S. pork company Smithfield Foods Inc, particularly in light of restrictions that China continues to place on imports of U.S. meat.
WASHINGTON, June 21- More U.S. senators on Friday raised concerns about a Chinese company's plan to buy U.S. pork producer Smithfield Foods Inc, particularly in light of restrictions that China continues to place on imports of U.S. meat.
June 20- A bipartisan group of fifteen U.S. senators on Thursday urged the Obama administration to consider whether the proposed sale of Smithfield Foods Inc to Chinese meat company Shuanghui International posed any threat to U.S. food safety or food security that could justify blocking the deal.
WASHINGTON, June 14- In the final months leading up to the launch of the key piece of President Barack Obama's healthcare reforms, the administration is preparing a public-education campaign designed to connect directly with the audience most critical for the law's success.
Secretary of State John Kerry to press India to reverse government actions they said threaten millions of U.S. jobs in pharmaceutical, information technology and creative industries.
"Companies would feel less pressure to shift income to low-tax jurisdictions because that income would be taxed at the same rate- whether it is earned in the United States or Bermuda," Dave Camp, chairman of the Ways and Means Committee in the U.S. House of Representatives, said at a hearing on Thursday.
U.S. Attorney General Eric Holder said on Tuesday he had ordered the FBI to open a criminal probe in a growing scandal over the Internal Revenue Service's targeting of conservative political groups.
Max Baucus, chairman of the powerful Senate Finance Committee, will not seek re-election to a seventh term next year, according to a Democratic aide.
Sen. Max Baucus, (D-MT) has announced he will not run for re-election in 2014, reports CNBC's Eamon Javers.
Treasury Secretary Timothy Geithner's plans to leave near the end of January put the White House in a tricky spot, depriving the Obama administration of its longest-serving economic adviser for its next fiscal showdown with Congress.
President Obama on Friday signed a bill that brings U.S. trade relations with Russia into the 21st century but also ushers in a testy era in which the United States could publicly "name and shame" Russian human rights violators.
WASHINGTON, Nov 2- After the Nov. 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of the year. Regardless of who wins the Nov. 6 presidential election, Obama will be in the White House during the final months of 2012 when the ``fiscal cliff'' must be dealt with.
WASHINGTON, Oct 31- A U.S. free trade agreement with Panama went into force on Wednesday, five years after it was originally negotiated, opening the way for increased U.S. exports as the Central American country continues its canal expansion project.
``This trade deal will guarantee access to Panama's $20.6 billion services market and more than $15 billion in infrastructure projects...
Joint Committee on Taxation Chief of Staff Thomas Barthold wrote in the letter to lawmakers that he conducted an "experiment" after meeting with members of the Senate Finance Committee about tax reform in September.
Max Baucus and Jon Tester said residents of Libby have grown frustrated waiting for a pending risk study to be completed. The company mined asbestos-containing vermiculite in Libby for decades. They blasted Grace for weighing in against the EPA proposal and alleged company officials had "traded profits for lives" in Libby.