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Paul Ryan
Big differences divide Democrats, GOP on overhauling U.S. tax code
Big differences divide Democrats, GOP on overhauling U.S. tax code

Despite optimistic talk from Democrats and Republicans about overhauling the tax code, General Electric Co. recently showed that corporate executives aren't holding their breath for a bipartisan deal any time soon. GE said last week that as part of a major restructuring, it would bring back $36 billion in overseas cash and pay $6 billion in taxes to do it — even though changes long under discussion in Washington could have significantly reduced that tax bill. "It's a clear indication that corporate America isn't waiting for D.C. to make the tax code any simpler," said Chris Krueger, a policy analyst at financial services firm Guggenheim Partners in...

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