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Obama to Call for Business Tax Overhaul in Grand Bargain
President Barack Obama, seeking to offer fresh economic proposals that could pass a gridlocked Congress, will call for a restructuring of business taxes so long as the initial revenue generated goes toward job creation. Obama, in a speech later today in Chattanooga, Tennessee, will argue that years of budget fights have diverted attention from the need to help middle-income Americans recover from the recession, according to administration officials. As an alternative to seeking quick passage of the deficit-reduction formula that has eluded lawmakers for two years --some combination of increased tax revenue and ... (full story)
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- Jul 30, 2013 1:40pm Jul 30, 2013 1:40pm
- randliz
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- Ill-b-back
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