Sen. Baucus announces retirement, pledges to seek action on tax revamp

The decision by Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee, to retire at the end of his term could be key to implementing a comprehensive overhaul of the tax system. Baucus has promised to devote his remaining time in office to rewriting the tax code. Many see such a revision as a way to break the fiscal standoff between Democrats and Republicans.

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Time.com · Politico (Washington, D.C.) · Washington Post, The · Politico (Washington, D.C.)

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