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Economy
In reply to the discussion: Weekend Economists Trace the Long and Winding Road February 7-9, 2014 [View all]xchrom
(108,903 posts)23. ORE. SEN. WYDEN GIVES TAX OVERHAUL TOP PRIORITY
http://hosted.ap.org/dynamic/stories/U/US_SENATE_FINANCE_COMMITTEE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-02-07-20-52-05
Sen. Ron Wyden, the incoming chairman of the Senate Finance Committee, said Friday his first priority in the job will be overhauling the nation's tax system, which he called a "dysfunctional, rotten mess."
In a telephone interview with The Associated Press, Wyden said he was inspired by the bipartisan income tax changes of 1986, when former Oregon Republican Sen. Bob Packwood was Senate Finance chairman and Ronald Reagan was president.
"The last time there was a big tax reform effort like this it created 6 million new jobs," Wyden said. "I can't say every one was due to tax reform, but it sure helped."
Wyden is currently chairman of the Energy and Natural Resources Committee. He is expected to be named Finance Committee chairman next week to replace Sen. Max Baucus, D-Mont., whom the Senate on Thursday confirmed as the new ambassador to China.
Sen. Ron Wyden, the incoming chairman of the Senate Finance Committee, said Friday his first priority in the job will be overhauling the nation's tax system, which he called a "dysfunctional, rotten mess."
In a telephone interview with The Associated Press, Wyden said he was inspired by the bipartisan income tax changes of 1986, when former Oregon Republican Sen. Bob Packwood was Senate Finance chairman and Ronald Reagan was president.
"The last time there was a big tax reform effort like this it created 6 million new jobs," Wyden said. "I can't say every one was due to tax reform, but it sure helped."
Wyden is currently chairman of the Energy and Natural Resources Committee. He is expected to be named Finance Committee chairman next week to replace Sen. Max Baucus, D-Mont., whom the Senate on Thursday confirmed as the new ambassador to China.
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