Senate Finance Committee Chairman Max Baucus, D-Mont., has decided not to run for re-election in 2014, instead opting to spend the next year and a half focusing on his job as Montana’s senior Senator and chairing the Senate committee in charge of tax policy, as opposed to re-election.

Baucus’s committee has been conducting a series of hearings in recent years on tax reform and begun posting a series of tax reform options on its Web site. He has recently attracted controversy within the Democratic caucus, however, for voting to oppose background checks for gun sales and against Senate Democrats' budget, and for lobbying by former members of his staff. However, he has proven to be a lawmaker who has worked successfully across party lines to pass tax legislation, such as the fiscal cliff deal, and played a key role in shepherding the tax provisions of the health care reform law across the finish line after working with Republicans and Democrats on his committee to craft the policy.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access