Watching Government: Preparing for tax reform

The 2012 elections may be just weeks away, but American Petroleum Institute congressional lobbyists have been looking beyond that for several months. They are preparing for tax reform negotiations that could be part of possible—some say likely—serious discussions in 2013 to cut the federal budget deficit, two of them told reporters at a Sept. 11 luncheon. "The policymakers will make the call at the end of the day," said Stephen Comstock, API's tax policy manager. "We want to make sure they're fully acquainted with the industry's situation." He predicted that the lame duck session of Congress immediately following the elections could be tough, with pressure on federal l...

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