WASHINGTON (4/24/13)--Senate Finance Committee Chairman Max Baucus (D-Mont.) on Tuesday said he will not seek re-election in 2014.
Baucus, who has served in the U.S. Senate since 1978, said "there is important work left to do" in his remaining time in the U.S. Congress. "Our country and [Montana] face enormous challenges--rising debt, a dysfunctional tax code, threats to our outdoor heritage, and the need for more good-paying jobs," he said.
As chair of the Senate's powerful tax-policy committee and leader of the Joint Committee on Taxation, Baucus is one of many currently working on a tax code revamp. Baucus has had many positive things to say about credit unions, Credit Union National Association Senior Vice President of Legislative Affairs Ryan Donovan noted earlier this year.
State-specific issues will also be a priority for the legislator in his remaining year-and-a-half in office. Baucus plans to officially announce his retirement in Helena, Mont. on Friday.