Wyden Open to Altering Past Tax Bills, Retaining Some Prior Language

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Incoming Senate Finance Committee Chairman Ron Wyden (D-Ore.) signaled a willingness to change his previously introduced legislation to remake the U.S. tax code, though he expects such language to remain part of the discussion.
Wyden's past bills, which he sponsored in 2011 with Sen. Dan Coats (R-Ind.) and before that with former Sen. Judd Gregg (R-N.H.), proposed to cut the top corporate income tax rate to 24 percent by eliminating various credits and deductions, and to reduce the number of individual income tax brackets from six to three, among other provisions (65 DTR G-4, 4/5/11). Wyden told reporters Feb. 6 that he hopes his bipartisan proposals will advance tax overhaul talks going forward.
But he isn't wedded to all the language in his past bills.

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