Democratic Sen. Ron Wyden says some conservatives believe the recent wave of inversions hurts Congress' ability to revamp the tax code.» Read More
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WASHINGTON, Nov 1- A U.S. government agency has withdrawn a report that challenged Republican ideas about taxes and economic growth- an action that drew fire from Democrats who accused it on Thursday of bowing to political pressure.
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.
WASHINGTON, Oct 9- A top Senate Democrat on Tuesday said new tax revenues should go to reducing the federal deficit, not cutting tax rates, dismissing as "obsolete" a Reagan-era model of tax reform.
WASHINGTON, Oct 9- A top Senate Democrat on Tuesday called for scrapping a venerated U. S. tax r eform model in re marks t hat hardened his party's negotiating position ah ead of talks set to gain momentum soon on the so- called "fiscal cliff".