A bipartisan effort is underway to craft a fiscal package that addresses sequestration in part by closing corporate tax loopholes, Sen. Carl Levin, D-Mich., said Friday. "One key part of that package is ending some of the outrageous loopholes in our tax code, and using the revenue as part of a balanced deficit-reduction plan to replace sequestration," Levin said, noting that Sen. John McCain, R-Ariz., is involved in the effort.

Full Story:
Defense News

Related Summaries