WIN America prepares to push harder for congress to pass a corporate tax holiday bill, authored by GOP Rep. Kevin Brady and backed by 15 republicans and 8 democrats in the House. Repatriating foreign cash will generate 80 billion over the next decade. Democrat Sen. Kay Hagan is considering introducing a similar bill in the Senate.
Super committee and white house are unlikely to support tax holiday without it being a part of a comprehensive tax reform. They are using the tax holiday as leverage.
WIN members have been strong supporters of President Obama.
Baucus played a key role in killing the last attempt for a tax holiday when the bill was last offered by Barbara Boxer in 2009.
No comments:
Post a Comment