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.
Read more Business News
- Borba trial to resume next monthPenticton / S. Okanagan - 5:00 am
- Council grabs attentionWest Kelowna - 5:00 am
- Horning making a comeback?Kelowna - 6:27 am
- Sex offender arrested for murderBC
|QHR Technologies Inc||1.29||+0.02|
|Anavex Life Sciences||0.2039||-0.0156|
|Copper Mountain Mining||2.41||+0.01|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.27||0.00|
“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...
Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...
There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...