House begins debate on Rangel tax package

10/31/2007 | CNNMoney ·

House Ways and Means Chairman Charles Rangel, D-N.Y., said "all options are on the table" as lawmakers begin consideration of his proposed, $1 trillion overhaul of the federal tax code. Rangel has already adding extra items to his the alternative minimum tax patch proposed in the bill, but said he may be flexible in considering pulling carried interest and deferred compensation out of the offsets package.

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