April 23, 2013

Senate Finance Chairman Baucus to Retire

Montana Democrat to spend remaining time tackling ‘nation’s rising debt, simplifying and improving’ tax code

Sen. Max Baucus, D-Mont. (Photo: AP)Senate Finance Committee Chairman Max Baucus, D-Mont. (left), announced Tuesday that he would not seek re-election in 2014.

However, he said that he’ll spend his remaining year and a half in office tackling the nation’s “rising debt, a dysfunctional tax code, threats to our outdoor heritage and the need for more good-paying jobs.”

At a national level, Baucus said in a statement that he would continue to work on “simplifying and improving the tax code, tackling the nation’s debt, pushing important job-creating trade agreements through the Senate, and implementing and expanding affordable health care” for more Americans.

“Deciding not to run for re-election was an extremely difficult decision,” Baucus said. “After thinking long and hard, I decided I want to focus the next year and a half on serving Montana unconstrained by the demands of a campaign. Then, I want to come home and spend time with Mel, my son Zeno, and our family, enjoying the Montana public lands we’ve fought hard to keep open and untarnished.”

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Read Online Sales Tax Bill Rife With Unintended Consequences on AdvisorOne.

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