Baucus Says Finance Panel to Consider Tax Code This Year

The Senate Finance Committee will consider revamping the U.S. tax code this year, Chairman Max Baucus said today, proceeding without a bipartisan agreement on whether the plan should raise additional revenue.

Baucus’s comments were his clearest yet about the timing of committee action on a bill, which hasn’t been released, that would lower tax rates and broaden the tax base. Baucus, a Montana Democrat, said he intends for the proposal to be a bipartisan one.