With election looming, White House, GOP tiptoe towards tax overhaul

Corporate tax reform is creeping back into the picture, although experts predict the election will chase the issue off the agenda this year.

Congressional Republicans and the White House are flirting with plans to overhaul the corporate tax system. But any perceived progress is expected to stall out despite a push from business groups to lower the 35 percent corporate tax rate, the highest among industrialized nations.

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