1.   Losing the majority in the Bundesrat, which May veto tax legislation, is a nuisance but not a disaster.

2.   Bankers are quick to condemn retrospective tax legislation.

3.   Archer said he would include the change in the tax legislation he plans to introduce in his committee this spring.

4.   Any tax reform legislation should include the abolition of the Internal Revenue Service, Lott said.

5.   As a consequence, despite the efforts in the House to move with what for Congress is warp speed, tax legislation is unlikely to become law before summer.

6.   As chairman of the House Ways and Means Committee, he has a large say in the tax legislation that Congress adopts.

7.   At a meeting on Thursday, Baucus was reportedly criticized sharply by several other Democrats on the committee for taking a bipartisan approach toward tax legislation.

8.   Barton and Rep. Bill Archer, chairman of the Ways and Means Committee, which writes tax legislation, are now charged with the negotiations.

9.   Both credit-card and debit-card payments were approved by the new tax legislation, but the law prohibits the government from paying fees to card companies.

10.   A conference committee could begin as soon as the bill is passed to work out the differences between this bill and tax legislation passed by the House of Representatives.