Business tax reform needs a bipartisan, national consensus, but is absolutely necessary for the country to remain competitive in a global economy, according to Senate Finance Committee chair Chuck Grassley, R-Iowa."I think the consensus is there that the business tax system is in desperate need of reform," he told a recent hearing on the business tax system. "But we need to start building consensus on how to do it."

Dr. Robert Carroll, the deputy assistant secretary for tax analysis at the Treasury Department, who testified at the hearing, said at a Tax Foundation podcast that Congress would be a willing partner in tax reform.

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