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January 22, 2015

Business tax overhaul: Is it a bipartisan issue?

By STEPHEN OHLEMACHER
Associated Press

WASHINGTON — Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation's tax laws by lowering the top income tax rate paid by individuals, saying Wednesday that Democrats and Republicans are too far apart to forge such a sweeping package.

Instead, Lew said, lawmakers should focus on simplifying taxes paid by businesses, an approach that is gaining traction on Capitol Hill.


 
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