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FBN's Peter Barnes on Senate Finance Chairman Max Baucus' plan to make significant changes to the tax code.
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-- -- to another here reaching across the -- how about that senate finance chairman.
Max Baucus wants to change the tax code and this is just never heard this before says he's willing to work with Republicans to get that change.
-- -- -- speaking in the last hour saying in order to get something done Democrats -- -- -- -- Need to come together.
Nothing.
Consequences ever accomplished by doing something alone you got to work with people.
There.
Is this right now are some sort of strange just let this change tell play fox business's Peter Barnes has fallen this story Peter -- What is he proposing here.
Well for one thing they McConnell he feels that the current tax code does not raise enough revenue so that should give you a clue.
But that this is -- broad outline of his views on tax reform and really -- marker for senate Democrats as this debate.
Continues about baucus I did point out that the US has one of the highest corporate tax rates in the world.
That needs to change he did talk about eliminating tax breaks to pay for lower tax rates for every one.
But keeping certain tax breaks such as for education so in that regard.
He's out of a lot like the president that in fact many members -- congress Republicans and Democrats.
But he also said congress should not try to tackle this before the election they should wait for the expected lame duck session of congress after November 6.
We should try to avoid that this imposed for prior to election because I don't want.
Members thousands of -- locked -- make it difficult lame duck.
To to do quote what's -- what's correct for right -- to -- As part of a lame duck bill baucus and some of the commentators -- this session also said they're looking for an agreement that avoids the fiscal cliff.
At the end of the year that's got.
Folks' attention down here they gonna come -- here -- all right Peter thank you Peter Barnes.
