Sen. Baucus releases tax reform draft targeting corporate tax breaks

11/22/2013 | Hill, The

Senate Finance Committee Chairman Max Baucus, D-Mont., released another tax reform draft that targets several corporate tax breaks, including the "last in, first out" accounting method and an incentive that allows businesses to write off property more quickly than it depreciates. In exchange for ending the tax breaks, the corporate tax rate would be reduced by several percentage points.

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Hill, The

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