Max Baucus’s Self-Defeating Tax Plan
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(Corrects assertion in seventh paragraph of columnpublished Dec. 2 that Baucus plan would retain fasterdepreciation schedule for investments in the process of beingwritten off.)
Dec. 2 (Bloomberg) -- Senator Max Baucus, a Democrat fromMontana and the chairman of the Senate Finance Committee, wantsto cut corporate tax rates. But he’s finding that corporationsare lining up to criticize his proposal.