Senate Finance Committee chairman Max Baucus, D-Mont., released a third set of proposals Thursday to overhaul America’s tax code, this one focusing on reforms to tax accounting and cost recovery rules.
The discussion draft, like the previous two packages released earlier this week, assembles a set of proposals from various lawmakers and constituents on reforming the Tax Code. On Tuesday, he released a discussion draft focusing on international taxation and on Wednesday, a discussion draft pertaining to tax fraud and tax filing (see Senator Unveils Proposals for International Tax Reform and Baucus Proposes Ways to Fight Tax Fraud and Simplify Tax Filing).
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