The Hill: Corporate revenues must be in debt deal

By Bernie Becker
The Hill, Dec 14, 2012 

Sen. Carl Levin (D-Mich.) pushed Friday for including tens of billions of dollars in additional revenues from corporations into any year-end tax-and-spending deal. ...

The Michigan Democrat also stressed that he would oppose any attempt to move the U.S. to a so-called territorial tax system that would shield offshore corporate profits from American taxation.

But while Levin said he thought President Obama and the Senate would oppose that sort of plan, he also said opponents needed to remain vigilant. 

“Those efforts need to be constantly guarded against,” Levin told reporters on a conference call. “We have to keep our guard up.” ...

Levin was joined on the call by two small-business officials who had joined hundreds of others in calling on Washington to not shift to the territorial system and raise revenues from corporations.

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