Tax Code Changes: Industry in the Cross Hairs

Congressional Quarterly by Joseph J. Schatz | Apr. 14, 2009 (News Analysis)

Energized by a global summit meeting two weeks ago where world leaders called for a crackdown on abusive tax havens, Congress seems likely this year to debate significant elements of the federal income tax code as it affects corporations. But it’s not likely to be the debate those companies had been hoping for. Full Story »

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by Derek Hawkins - Apr. 14, 2009

Indeed, just two years ago, when Democrats won back total control of Congress for the first time since 1994, business leaders were heartened by what they heard from the new majority. Charles B. Rangel of New York, the new Democratic chairman of the House Ways and Means Committee, proposed a corporate tax trade-off that many of them would have accepted, if not embraced outright.

Derek posted this story.