Ryan Says Tax Revamp Focusing on Businesses Would Mark Progress
He says the two parties may be too far apart on individual taxation because the Obama administration favors high rates on upper-income individuals.
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A revamp of the U.S. tax code focused on corporations and other businesses would mark significant progress even if tax changes for individuals have to wait, said Representative Paul Ryan, the next chairman of the House Ways and Means Committee.
Ryan, a Wisconsin Republican, said today the two parties may be too far apart on individual taxation because the Obama administration favors high rates on upper-income individuals.