Wednesday, October 1st17.2°C
22738
22916

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




Recent Trending




Today's Market
S&P TSX14805.44-155.069
S&P CDNX896.35-12.94
DJIA16804.71-238.19
Nasdaq4422.085-71.305
S&P 5001946.16-26.13
CDN Dollar0.8957+0.0002
Gold1213.60-1.90
Oil89.18-0.58
Lumber343.50+5.70
Natural Gas4.02-0.101

 
Okanagan Companies
Pacific Safety0.135+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.22-0.04
Cantex0.075+0.01
Anavex Life Sciences0.1804-0.0036
Metalex Ventures0.0550.00
Russel Metals34.68+0.11
Copper Mountain Mining2.29-0.13
Colorado Resources0.16-0.005
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.31-0.01

 





FEATURED Property
20823853571 Bemose Road
10087880 bedrooms
$999,997
more details
image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_








Member of BC Press Council


23266