WASHINGTON (AP) — The Senate's top tax writer says he wants to overhaul the nation's tax code to help make the economy stronger and raise additional revenue to reduce budget deficits.
Senate Finance Committee Chairman Max Baucus said in a speech Monday that a rewritten tax code should also promote more innovation and opportunity.
Many Republicans say a tax overhaul should involve lower rates and fewer tax loopholes but should have no net impact on the deficit.
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