As President Barack Obama renewed his criticism of tax laws that “reward companies that keep profits abroad,” the government he leads is taking a more subtle approach -- one that’s helping some of those companies.
One of the biggest challenges to President Barack Obama’s trade agenda is a senior House Democrat from Michigan with some of the Capitol’s closest ties to organized labor and his home state’s auto industry.
Senate Finance Chairman Max Baucus’s departure from Congress could doom his career goal to make the biggest changes to the U.S. tax code since 1986, with the project probably going to Oregon Democrat Ron Wyden.
The first major agreement to update global trade rules in two decades moved nearer after the U.S. and India bridged differences over agriculture subsidies and food security, people familiar with the negotiations said.
President Barack Obama said today he will nominate Senate Finance Committee Chairman Max Baucus to become ambassador to China, slowing the chances of the biggest changes to the U.S. tax code since 1986.
Scott Davis , chief executive officer of United Parcel Services Inc. , says a U.S. campaign season rife with blasts at China and sending jobs abroad masks what the new Congress means for global commerce: a chance to pass long- stalled agreements to remove trade restrictions.