A White House proposal to pair a corporate tax overhaul with new domestic spending elevated the contentious issue of tax policy to the fore in budget negotiations and appeared to give a shot of momentum to changes long supported by some of the largest U.S. companies.
The proposal, laid out Tuesday in a speech by President Barack Obama, raised the prospect that corporate taxation would now be high on the list of items under discussion as the White House and congressional Republicans negotiate federal spending levels for next year and the terms for raising the debt ceiling, both of which ...
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