Just one week after the Treasury Department released a report on its strategy for closing the $300 billion tax gap, the ranking minority member of the Senate Finance Committee labeled the plan “incomplete” and not credible.Sen. Max Baucus, D-Mont., said he would continue to hold up the nomination of Eric Solomon as the assistant Treasury secretary for tax policy.
Baucus had been holding up Solomon’s nomination until the Treasury drafted a plan for attacking the annual tax gap -- the difference between taxes owed and what is actually collected.
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