Two key members of Congress said Friday they see little or no chance of Congress passing a second tax bill or an economic stimulus package this year.

"No way," said Rep. Charles Rangel, D-N.Y., when asked whether the House Ways and Means Committee will report out a second tax bill this year, as was recently suggested by committee chairman Dan Rostenkowski, D-Ill. Rangel, who made his remarks at a conference sponsored by the Public Securities Association in New York City, is a senior committee Democrat who has been mentioned as a possible successor should Rostenkowski leave Congress.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.