tax overhaul

WASHINGTON (AP) — The storm engulfing the Internal Revenue Service over the targeting of conservative political groups could provide a boost for lawmakers who want to rewrite the nation's tax laws. Members of Congress from both political parties say the targeting provides a good example of how the tax code has grown too complicated, giving the IRS too much discretion in how it interprets and enfor

WASHINGTON (AP) — The Senate's top tax writer says he wants to overhaul the nation's tax code to help make the economy stronger and raise additional revenue to reduce budget deficits. Senate Finance Committee Chairman Max Baucus said in a speech Monday that a rewritten tax code should also promote more innovation and opportunity...