WASHINGTON, June 16 (Reuters) - Senate Finance Committee Chairman Max Baucus on Wednesday offered a revised proposal to extend jobless benefits that he said would also soften a provision raising taxes on investment managers.
Baucus offered the new version after the Senate rejected an earlier measure that would have added nearly $80 billion to the deficit over 10 years. Baucus said his latest proposal was smaller and would be mostly paid for.
(Reporting by Donna Smith; Editing by Sandra Maler) Keywords: CONGRESS TAX/SENATE (Donna.M.Smith@ThomsonReuters.com: 1 202-898-8300; Reuters Messaging: Donna.Smith.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Baucus offered the new version after the Senate rejected an earlier measure that would have added nearly $80 billion to the deficit over 10 years. Baucus said his latest proposal was smaller and would be mostly paid for.
(Reporting by Donna Smith; Editing by Sandra Maler) Keywords: CONGRESS TAX/SENATE (Donna.M.Smith@ThomsonReuters.com: 1 202-898-8300; Reuters Messaging: Donna.Smith.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.