Topic: Max Baucus
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Tax VOX The great tax debate: Dueling Congressional tax proposals clash
While optimists may hang on to the small morsels of agreement between Senator Baucus and Representative Camp's tax reform proposals, in general the dueling plans are opposites, making bipartisan cooperation on the issue seem unlikely.
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Key Senate Democrat resists push to renew Bush tax cuts before election
House Republicans want to extend the Bush tax cuts sooner rather than later. Sen. Max Baucus, Senate Finance Committee chief, said Monday the tax code is a 'hydra' – and that lawmakers should lay groundwork and trust before tackling it.
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Payroll tax deal: Congress moves toward agreement
Payroll tax cut, long-term unemployment benefits would be preserved under a bipartisan deal. But negotiators won't predict whether Congress will pass the payroll tax deal by Friday.
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Keystone XL oil pipeline ensnared in political gamesmanship
Republicans tried to force Obama's hand on the permit to construct the Keystone XL oil pipeline, and now he's forced theirs. The fight may not be over, signaling that energy will be a 2012 campaign issue.
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Bankruptcy of MF Global hits farmers hard
Bankruptcy of the commodities trading firm may include some $1.2 million missing from customers accounts. Farmers, ranchers, and agricultural businesses were cut off from the cash in their accounts when MF Global sought bankruptcy protection in October.
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Burma sanctions should be model for Cuba embargo
The byzantine Cuba embargo in many ways ties the US's hands, says guest blogger Anya Landau French, so maybe it’s time to apply the Burma sanctions model – defend it or lose it – to Cuba.
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Bush tax cuts debate helped to doom super committee effort
Bush tax cuts: A tussle between Republicans and Democrats over the future of the Bush tax cuts played a large role in scuttling the congressional super committee's attempt to reach an agreement on reducing the budget deficit.
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Six days left: Slowly, for super committee, failure is becoming an option
Republicans and Democrats remain far apart on how much tax hikes should contribute to deficit reduction. The deadline for the super committee to reach a deal is next Wednesday.
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Cracks in GOP promise of no new taxes for deficit cuts?
To help the deficit 'super committee' reach a deal, some Republicans appear to be open to the idea of ending some tax breaks, despite opposition from antitax crusaders.
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Bipartisan plea for $4 trillion in deficit cuts: why it could work
A bipartisan group of 100 House members will call for the deficit 'super committee' to make massive deficit cuts – even if it means entitlement or tax reform. The strong backing could be key.
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Deficit-cutting 'super committee': Can it come up with a plan in time?
Congress's super committee may have just days to act in order to meet its deadline and prevent $1.2 trillion in automatic cuts to defense and nondefense spending. So far, no plan has emerged.
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Why stalemate suits GOP just fine in Round 2 of deficit fight
The GOP knows it will get $1.2 trillion in deficit cuts this year no matter what. That gives it less incentive to compromise with President Obama on a deal that raises taxes on the rich.
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In Pictures: Who's who on the US deficit super committee
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Deficit 'super committee' behind closed doors: Will it be too secretive?
The deficit super committee tasked with cutting $1.2 trillion from the budget over 10 years began its work Thursday. Critics say it needs to be more transparent and members need to stop fundraising.
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Can 'super committee' play fair as it tries to control national debt?
The task of reining in the national debt lies in the hands of a super committee of 12, which gets down to business now that Congress is returning from its summer break.
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How vulnerable will deficit 'super committee' be to pressure from lobbyists?
With the sweep of the deficit committee's mandate potentially covering every dollar taxed or spent in the federal government, Washington’s lobby community is going on full alert.
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Who's who on Congress's debt 'super committee'
Congress has created a special super committee to devise a way to cut at least $1.2 trillion from US spending in coming years. Its real name is the Joint Select Committee on Deficit Reduction, and its deadline is Nov. 23. If a majority of the bipartisan, bicameral committee approves the plan, it goes to the House and Senate for a vote, and they must act by Dec. 23. If the plan is voted down, automatic spending cuts are slated to occur. Here are the 12 lawmakers serving on the super committee.
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Repealing tax breaks for oil companies: common sense vs. congressional thuggery
The oil industry is no more to blame for the price of gas than Kay Jewelers is to blame for the high price of gold. Any tax changes should be done as part of broader corporate tax reform, which will apply universally, and not just reflect a wave of political antagonism.
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Reform Social Security now? Demographics of electorate say yes.
Republicans and Democrats seem to be talking past each other on Social Security. Republicans are unwilling to consider tax increases, and Democrats don't want to cut benefits.
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Oil CEOs warn senators of downside to axing industry tax breaks
Five oil CEOs testified Thursday that a Senate bill to shrink their companies' tax breaks would mean less domestic oil production and higher gasoline prices. Democrats cite firms' big profits.
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Democrats' deficit-cutting plan: Big Oil subsidies the first target
Senate Democrats on Tuesday began enumerating ways to cut the US budget deficit. Tax breaks for oil and gas companies topped their list, as they challenged Republicans to whittle 'subsidies.'
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Medicare vouchers plan shelved for now
Medicare reform passed the House. But GOP leaders say they won't push Medicare vouchers in the current round of spending talks.
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Any place for budget caps?
Budget caps are supposed to be a last resort, but they actually allow lawmakers to mindlessly slash spending and raise taxes across the board
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US debt crisis: Can a deeply divided 'Gang of Seven' make any progress?
The members of the House and Senate who were appointed to the latest presidential deficit panel represent the starkest partisan views on Capitol Hill. But that could be a good thing.
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Global warming: Congress set to decide if EPA can regulate greenhouse gases
The House and Senate both vote Wednesday on whether to curtail or delay EPA power to regulate greenhouse-gas emissions. The agency plans to issue emissions standards in 2012.
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