Some Senate Democrats Wary as Obama Fights Tax Inversions
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At least four Democrats on the Senate Finance Committee say they’re not ready to back the push by President Barack Obama and party leaders for retroactive tax legislation to prevent companies from moving their legal addresses out of the U.S.
In interviews and statements this week, Senators Tom Carper of Delaware, Michael Bennet of Colorado, Mark Warner of Virginia and Bob Casey of Pennsylvania all declined to back a stand-alone retroactive tax bill to limit inversions.