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Lawmakers, White House Explore Tax Revamp for U.S. Firms Overseas
The Wall Street Journal (online registration required): Top lawmakers and the White House are in the early stages of discussing an ambitious overhaul of how the U.S. taxes its multinational firms, according to officials involved in the effort.
The talks, part of an effort to find funding for a long-term highway bill, are preliminary and could yet fall apart or be overtaken by other approaches. But both Republicans and Democrats appear open to accommodating each other’s priorities, which could make the path to a deal smoother, according to the officials.
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