The powerful chairman of the Senate Finance Committee has proposed tightening up the tax treatment of corporate profits overseas . Julian Zelizer : Congressman Max Baucus ' proposed to cut taxes is n't as crazy as it sounds . He says Congress has reasons to want to reach agreement on tax reform . Both parties can have some sympathy with public that says Congress ca n't do anything , he says . Obama : A deal on taxes would help cut deficit , close loopholes .
Julian Zelizer : Congressman Max Baucus ' proposed to cut taxes is n't as crazy as it sounds . He says Congress has reasons to want to reach agreement on tax reform . Both parties can have some sympathy with public that says Congress ca n't do anything , he says . Obama : A deal on taxes would help cut deficit , close loopholes .