Baucus forges ahead with tax proposals
U.S. Sen. Max Baucus is forging ahead with his aggressive plan to rewrite the nation's tax code in the next year.
The Democrat is confident he can find common ground amid the intense partisanship stalling budget debates in Washington, D.C.
Last week Baucus unveiled two big portions of his proposal dealing with offshore taxation of corporations and revised rules for same tax accounting.
In the coming months, he expects to release proposals for taxes on individuals and exemptions.
Baucus pushed the plan forward despite reservations from Republicans that it could be a vehicle for tax increases.
The Senate Finance Committee chairman says he is optimistic that he can convince both sides to come together on the issue despite gridlock on other key topics.