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Obama: Slash corporate tax breaks

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New York (CNNMoney) – After more than a year in the making, the Obama administration on Wednesday released its plan to overhaul the corporate tax code. The main proposal would slash the corporate tax rate to 28% from 35% and pay for the reduction by eliminating “dozens” of business tax breaks. There are currently more than 130 on the books.

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Obama: Slash corporate tax breaks

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