TAXES

... As Business Groups Blast Tax Plan For Economic Impact

Monday, May 4, 2009


President Obama's plan to impose $189.6 billion in tax increases on U.S. multinationals' overseas operations met with howls of protest from the business community, and a top Democratic tax-writer urged caution. Senate Finance Chairman Max Baucus said "further study is needed to assess the impact of this plan on U.S. businesses" but that the proposals "set the table for tax reform" next year.

by Peter Cohn

Monday, May 4, 2009

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