U.S. Senate panel likely to start drafting tax bill: Democrat

WASHINGTON (BestGrowthStock) – The Senate’s tax writing panel is likely to start drafting a bill renewing all Bush-era tax cuts to reflect the deal President Barack Obama made with Republicans, a Democrat on the panel said on Tuesday.

Democratic Senator Bill Nelson, a member of the Senate Finance Committee, told Reuters he backs Obama’s tax deal because “it is the right thing to do to support the economy.”

(Reporting by Kim Dixon; editing by Anthony Boadle)

U.S. Senate panel likely to start drafting tax bill: Democrat