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Wed 10 Oct 2009Obama pledge to close corporate tax loopholes still core objective
PRESIDENT BARACK Obama remains committed to ending “unfair loopholes” and tax breaks for international corporations. However, congressional tax writers and others doubt that will happen without broader reforms, such as cutting the top corporate tax rate.
A White House spokeswoman yesterday said the president is committed to those proposals, commenting on a front-page article in the Wall Street Journalthat said the Obama administration had shelved the plan.
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