WASHINGTON (AP) — The top Democratic tax writer in the Congress is trying to jumpstart stalled efforts to rewrite the nation’s tax laws. But he is running into the same kind of partisan roadblocks that plague most major initiatives in Washington.
Sen. Max Baucus of Montana unveiled a draft proposal Tuesday to allow corporations to bring foreign profits into the U.S. at reduced tax rates. It would be part of a larger plan to change the way the U.S. taxes multinational corporations.
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