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Max Baucus’s Self-Defeating Tax Plan

(Corrects assertion in seventh paragraph of column published Dec. 2 that Baucus plan would retain faster depreciation schedule for investments in the process of being written off.)

Dec. 2 (Bloomberg) -- Senator Max Baucus, a Democrat from Montana and the chairman of the Senate Finance Committee, wants to cut corporate tax rates. But he’s finding that corporations are lining up to criticize his proposal.