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Many groups support tax ‘reform’—but differ markedly on the details

Corporate tax code widely viewed as flawed, but each provision has constituency. The rallying cry for tax “reform” has reached the ears of Congress’ deficit supercommittee. Problem is, tax reform is in the eye of the beholder. And the 12-member panel has just until Nov. 23 to submit its plan to Congress. In a letter this fall to the 12-member panel, more than 200 interest groups representing everything from small, domestic businesses to multinationals urged “fundamental, comprehensive reform.” Signatories included the U.S. Chamber of Commerce, Business Roundtable, the National Association of Manufacturers, the National Retail Federation and Associated Builders and… Read More