WASHINGTON -- McConnell: 'No Hope' for Tax Reform
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news from wires, Posted in Taxes
WASHINGTON-GOP Wants No Net Increase, While Dems Want to Raise Revenue
Senate Minority Leader Mitch McConnell (R., Ky.) on Tuesday threw cold water on hopes for a tax-code overhaul this year, saying he didn't see how it would be possible.
The comments come as House Committee on Ways and Means Chairman Dave Camp (R., Mich.) is preparing to unveil a plan to reduce tax breaks and use the proceeds to lower tax rates-a plan that is consistent with long-running Republican goals of ensuring that a...