The Montana Democrat, who is up for re-election next year, was one of four senators from his party to vote against the Senate budget framework, which raised close to $1 trillion in revenue. A Baucus aide said last month that the Senate Democrats’ framework wasn’t a “sensible compromise.”
Baucus and Rep. Dave Camp (R-Mich.), the chairman of the House Ways and Means Committee, have been working together for months to lay the groundwork for a comprehensive rewrite of the tax code.
The two wrote a Wall Street Journal op-ed this week vowing to maintain the tax code’s current progressivity, and to make it simpler for both families and small businesses.
But the op-ed did not mention the issue of revenues, and Camp was recently quoted saying that both he and Baucus believed in a broad, revenue-neutral overhaul.
Baucus had previously said that he believed tax reform should raise revenues, including at a speech last June.
“We’re clearly on the same page with respect to tax reform, and also know that that question of revenue generated from when you broaden the base is a question we’re going to have to wrestle with,” Baucus told reporters after the hearing about he and Camp.
“I don’t want to put words in his mouth, but I don’t see that as being a huge issue,” the Finance chairman added. “We’ll have to deal with it later.”