Washington (July 9, 2003) -- The Bush Administration sent its big guns to Congress this week to urge legislators to fix part of the tax code to avoid a U.S.-European Union trade war.
"I suspect that if by the end of the session we have not shown serious progress in passing legislation to replace [the tax laws that violate international trade rules], I think next January we face a very high likelihood of retaliation," said John Veroneau, general counsel in the Office of the U.S. Trade Representative, in testimony before the Senate Finance Committee, according to a report on CBSMarketwatch.com
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