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    Baucus Continues Losing Streak with Energy Tax Reform Draft

    Chairman of the Senate Finance Committee Max Baucus (D–MT) released a draft bill to reform the way the tax code treats energy. This latest draft reform plan misses the mark, just like his earlier efforts on international tax and depreciation did. Baucus claims that his plan would stop the tax … More

    Baucus Heads Wrong Way on Important Part of Tax Reform — Again

    Chairman of the Senate Finance Committee Max Baucus (D–MT) continues to release draft proposals on important parts of tax reform. His latest draft proposal is a deeply troubling plan. Baucus proposes to change the way businesses deduct the cost of their capital expenses—things such as machinery, equipment, structures, property, and … More

    Baucus Joins International Tax Reform Debate, but His Plan Falls Short

    Chairman of the Senate Finance Committee Max Baucus (D–MT) released his draft proposal for reforming the tax treatment of multinational businesses. It is a positive step, if overdue, for tax reform. Increasing discussion about tax reform is a welcome step, because the U.S. badly needs to fix the system it … More

    Flush with Federal Cash, Obamacare Supporters Spending Money on…Porta-Potties

    Even among the law’s supporters, Obamacare is in the toilet. Quite literally. As The Washington Post reports, states implementing Obamacare’s exchanges are considering all kinds of methods to promote Obamacare. Reporter Sarah Kliff spoke with Michael Marchand, the head of Washington State’s exchange: Marchand has been thinking up all sorts … More

    Baucus–Hatch “Blank Slate” Tax Reform a Positive Step but Too Narrowly Focused

    Chairman of the Senate Finance Committee Max Baucus (D–MT) and Ranking Member Senator Orrin Hatch (R–UT) recently proposed a “blank-slate” approach to tax reform. This new effort helps strengthen the growing momentum for tax reform, but it is too narrow to result in the fundamental reform to the tax code … More

    Now Congress Wants to Exempt Itself from Obamacare

    No argument for Obamacare’s repeal can top the simple fact that Members of Congress do not want it to apply to them. Today’s Politico reports that the House and Senate congressional leadership—both Democrats and Republicans working in cahoots with Obama Administration officials—have been secretly negotiating for months trying to find … More

    Senate Democrats Want Unnecessary $1.5 Trillion Tax Increase

    It has been nearly four years since the last time the Senate passed a budget. In that time, it hasn’t as much as proposed a budget. That at long last changed yesterday when Senate Budget chairwoman Patty Murray (D–WA) released a budget plan for next year. Now that the Democrats … More

    Morning Bell: It's All Downhill From Here

    This Morning Bell is the third in a five-part week-long series on how Obamacare will affect you. The scariest part about yesterday’s Senate Finance Committee vote passing its version of Obamacare, is not what is in their bill (to the extent that it even exists), but that the Finance Committee … More

    Morning Bell: The Baucus Bait And Switch

    Throughout the health care debate, President Barack Obama repeatedly promised the American people that his health care plan “will help bring our deficits under control in the long term.” The problem is that the White House could not get the Congressional Budget Office to cooperate. Throughout the summer the CBO … More

    Morning Bell: Government-Run Health Care by Next Thursday?

    The Washington Post front page blares today: “Prospects for Public Option Dim in Senate.” Don’t believe it. Yes, the Senate Finance Committee did vote down two amendments that each would have added a government-run insurance plan to the committee’s health care bill. But two key Democrats who voted against Sen. … More