Tax changes may not materialize in election year

Tax changes may not materialize in election year

Sen. Joe Bolkcom, D-Iowa City, co-chairman of the Senate Ways and Means Committee, says the parties are so far apart on most tax issues that one side would need a two-thirds majority to pass anything major. The reality is a razor-thin 51-49 GOP edge in the House and a 25-25 tie in the Senate.

"I think there will be some more modest proposals," Bolkcom said. For instance, he said he expects to see an expansion of tax breaks to encourage using alternative energy sources...