Bloomberg Law: Wyden Plan Retains Tax Boost But Mulls Foreign Tax Credit Perk

But public opinion supports the idea of companies paying higher taxes on their offshore profits, said Steve Wamhoff, director of federal tax policy for the Institute on Taxation and Economic Policy, and he sees Congress approving a significant package of changes.

“At the end of the day, the need for revenue to pay for investments, I think that’s going to push enough lawmakers over the line to pay for these changes or something like them,” Wamhoff said.

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