Democrats Resist No New Revenue Pledge Seen Hurting Deal: Taxes
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Key Democrats are holding firm and insisting on wringing more money for the federal government out of any tax reform this year, defying a push to go along with a revenue-neutral approach to win votes.
Two Democrats considered to be possible swing votes on the House committee working on a tax overhaul -- Representative Richard Neal from Massachusetts and John Larson of Connecticut -- say they doubt a revenue-neutral proposal would attract Democratic votes, casting a cloud over what many tax analysts and lobbyists say is a primary ingredient for any broad deal, Bloomberg BNA reported.