,,ii #aacth ,,congress #ast ,session ,s4 #h ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,january #bb 7legislative day1 ,january #c71 #bjac ,mr4 ,reid 7for himself1 ,mr4 ,durbin1 ,mr4 ,schumer1 ,mrs4 ,gillibrand1 ,mr4 ,lautenberg1 ,mr4 ,menendez1 ,mr4 ,brown1 ,mr4 ,schatz1 ,mr4 ,sanders1 ,mrs4 ,boxer1 ,mr4 ,blumenthal1 ,mr4 ,cardin1 ,mr4 ,coons1 and ,mr4 ,levin7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,expressing the sense of the ,senate on the need to enact legislation to eliminate wasteful tax loopholes4 #a4 ,short title ,this ,act may be cited as the ,end ,wasteful ,tax ,loopholes ,act4 #b4 ,sense of the ,senate on the elimination of tax loopholes ,it is the sense of the ,senate that ,congress should enact legislation to-- 7#a7 eliminate wasteful tax loopholes that create incentives for taxpayers to engage in transactions that have no economic substance solely to lower their tax bills2 7#b7 eliminate corporate tax loopholes and wasteful tax breaks for special interests2 7#c7 enhance tax fairness by reforming or eliminating tax breaks that provide excessive benefits to millionaires and billionaires2 7#d7 crack down on tax cheaters and close the tax gap2 7#e7 use the revenue saved by curtailing tax loopholes to reduce the ,federal deficit and reform the ,federal tax code2 7#f7 address provisions in the ,federal tax code that make it more profitable for companies to create jobs overseas than in the ,united ,states2 and 7#g7 reform the ,federal tax code in a manner that promotes job creation1 competitiveness1 and economic growth in the ,united ,states4