Tuesday, April 28th5.5°C
25924

Senate GOP Leader McConnell says he sees no hope for tax reform this year; blames Democrats

WASHINGTON - Senate Republican Leader Mitch McConnell says he sees no hope for enactment of tax overhaul legislation this year, and blames the Democrats for trying to use the issue to raise revenue by $1 trillion.

The Kentucky Republican said Tuesday the object of overhauling the tax code should be making the nation more competitive, not raising more money for the government.

McConnell's comments undercut the Republican chairman of the tax-writing House Ways and Means Committee, Rep. Dave Camp of Michigan. He is expected to outline his plan for overhauling the tax code on Wednesday.

The senator's remarks also marked the second time recently that McConnell has effectively pronounced major legislation dead for the year. Earlier this winter, he said he didn't see how Congress would be able to approve an immigration bill.

The Canadian Press


Read more Business News

25866


Recent Trending




Today's Market
S&P TSX15344.08-64.25
S&P CDNX690.10-7.60
DJIA18037.97-42.17
Nasdaq5060.25-31.84
S&P 5002108.92-8.77
CDN Dollar0.8297+0.0026
Gold1199.90-3.40
Oil56.72-0.27
Lumber255.00-1.20
Natural Gas2.486-0.004

 
Okanagan Companies
Pacific Safety0.08-0.04
Knighthawk0.010.00
QHR Technologies Inc1.40+0.02
Cantex0.035+0.005
Anavex Life Sciences0.395-0.035
Metalex Ventures0.095+0.000
Russel Metals27.05-0.11
Copper Mountain Mining1.25+0.10
Colorado Resources0.10+0.01
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.19-0.01
Decisive Dividend Corporation1.80+0.10

 



25968

FEATURED Property
22711022127 Pandosy Street
2 bedrooms 1 baths
$425,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Buy versus rent

Consider the top five reasons to buy versus rent: #5 Experience Freedom: Home ownership will free you from the ties that bind you to a landlord...no longer will you be dependent on someone else&rsq...


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...

_



26069




Member of BC Press Council


25541