Sen. Committee Approves Baucus As Ambassador To China

Law360, New York (February 4, 2014, 6:58 PM EST) -- The Senate Foreign Relations Committee on Tuesday approved Max Baucus, D-Mont., to serve as the next U.S. ambassador to China, setting up his nomination for a full Senate vote as early as this week.

The voice vote puts Baucus one step away from taking his sweeping tax proposals to China. If he surrenders his seat in the Senate and vacates his post atop the Senate Finance Committee, several major tax reform proposals will no longer have the support of their author.

The latest set of tax...
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