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Incoming Senate Finance Chair Wyden Outlines His Tax Agenda

Howard Gleckman | Forbes

Senator Ron Wyden (D-OR), about to become the new chairman of the Senate Finance Committee, said that he aims to eventually rewrite what he described as a “dysfunctional, rotting mess of a carcass that we call the tax code.” But in an acknowledgement of the challenges of tax reform, Wyden said he wants to quickly extend dozens of expiring tax provisions for another year as a “bridge” to reform and he even embraced some new tax subsidies.

Wyden will replace Sen. Max Baucus (D-MT), who the Senate confirmed Thursday as the new U.S. Ambassador to China. Speaking in Los Angeles to a conference sponsored jointly by the USC Gould School of Law and the Tax Policy Center, Wyden framed his tax agenda around several key issues.

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