Obama urges Congress to take action on corporate tax reform

Reuters: U.S. President Barack Obama on Tuesday urged Congress to take action to stop U.S. companies from taking advantage of tax loopholes that allow them to avoid paying taxes.

"When companies exploit loopholes like this... it sticks the rest of us with the tab and it makes hard-working Americans feel like the deck is stacked against them," Obama told reporters at the White House, adding that wealthy corporations and individuals should not be "gaming the system."

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