OBAMA FACES OPPOSITION FROM DEMS ON TAX HAVEN PLAN
source: http://www.bloomberg.com/apps/news?pid=20601070&sid=aaXFFJBizJtc&refer=politics
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President Barack Obama's plan to end tax breaks for U.S.-based multinational companies drew a skeptical response from fellow Democrats on Capitol Hill, indicating that his plan may face obstacles on its path through Congress.
Senate Finance Committee Chairman Max Baucus, a Montana Democrat, called for "further study" of Obama's proposals within minutes of the president's announcement yesterday. Representative Joseph Crowley, a Democrat on the tax-writing House Ways and Means Committee, said he's wary because the tax changes would hurt Citigroup Inc., his New York district's largest private-sector employer.
Senate Finance Committee Chairman Max Baucus, a Montana Democrat, called for "further study" of Obama's proposals within minutes of the president's announcement yesterday. Representative Joseph Crowley, a Democrat on the tax-writing House Ways and Means Committee, said he's wary because the tax changes would hurt Citigroup Inc., his New York district's largest private-sector employer.
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