Nov. 5 (Bloomberg) — Both parties in Congress agree the tax code is a mess and needs to be revamped. That doesn't mean it will happen.
The Republican takeover of the Senate in yesterday's election alters the political dynamics in tax policy, with Senator Orrin Hatch of Utah poised to become chairman of the Finance Committee starting in January.
What hasn't changed is the disagreement between Democrats and Republicans on fundamental questions such as whether a new tax code should raise more money for the federal government. The parties also must resolve which tax breaks should survive.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
