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Wyden pushes tax legislation

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High Five
Wednesday, February 24, 2010

Oregon Sen. Ron Wyden and New Hampshire Sen. Judd Gregg are pushing a major tax bill that even their allies admit will be difficult.

The new bill is designed to provide savings and make businesses more competitive, among other goals.

The bill that Wyden, a Democrat and Gregg, a Republican from New Hampshire hope to make law will decrease the number of tax brackets to three, create a flat corporate rate of 24 percent and boost standard deductions for most Americans.

It would also remove a host of provisions that benefit only a small number of privileged taxpayers, Wyden said.

Read the full story at OregonLive.com.

{biztweet}Wyden tax bill{/biztweet}



Rick C.
0 #1 Wyden & Gregg's Tax ProposalRick C. 2010-02-24 11:36:50
May be the first time in recorded history that a Democrat spender and a Republican thrift master have gotten together to produce something worthwhile. Imagine the AMT going away...
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Christy White
0 #2 Christy White 2010-03-01 11:48:33
Wonderful - I hope that this proposal is taken seriously and be comes law.
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