Federal Tax Overhaul

Dan Boyce

US Sen. Max Baucus hashed out ideas for federal tax reform Wednesday with a council of Montanans representing a number of different industries. The Democratic leader of the powerful Senate Finance Committee is making broad tax overhaul a major priority before leaving office in 2014.

The federal tax code has not been overhauled since 1986. Baucus said about 15,000 changes have been made to the code since that time, making it overly-complex and causing the US to lose some of its competitive edge in a global marketplace.