Baucus sets tax revision website

Montana’s senior senator is joining his counterpart in the House of Representatives to ask for ideas on what should be done to clean up the U.S. federal tax code.

“Our tax code hasn’t been updated in 30 years, and it’s full of dead wood and red tape that hurts working families and small businesses and slows down our economy,” Sen. Max Baucus, D-Mont., said in a press release announcing a new update. “Tax reform is about making the tax code simpler and fairer. It’s time to cut out loopholes and bring tax rates down. We’ve got to get this done and we’ve got to get it right.”

Baucus, the chair of...