WASHINGTON - Ways and Means Committee Ranking Member Sander Levin (D-MI) issued the following statement regarding Sen. Baucus’ international business tax reform discussion draft:
“Senator Baucus has put forth some interesting ideas that need serious consideration. As reflected in his draft, tax reform must be driven by policy, not by rate targets. I agree with Senator Baucus that tax reform should raise significant revenue. As Ways and Means Democrats have repeatedly said, the only path to the needed enactment of tax reform is a bipartisan one in both the House and Senate."
