From the Missoulian: "Two Democratic senators said Thursday they have found a way to pay for a program to fund rural schools without selling 300,000 acres of national forests, as the Bush administration has proposed.
"Sens. Max Baucus of Montana and Ron Wyden of Oregon said their plan would raise $2.6 billion over the next 10 years for the Secure Rural Schools and Community Self-Determination Act by closing a tax loophole they said allows some government contractors to avoid tax obligations."
Yesterday, Senator Baucus introduced S. 2485, "A bill to amend the Internal Revenue Code of 1986 to provide a source for payments to States and counties under the Secure Rural Schools and Community Self-Determination Act of 2000." You can track the status of the bill through THOMAS. The Senator has issued a press release on the new bill.
Source: Daly, Matthew. "Senators suggest land sale alternative: Baucus, Wyden would close tax loophole." Missoulian March 31, 2006. A1.
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