WASHINGTON (AP) -- Aiming to sidestep a logjam in Congress, the Obama administration is looking for steps it could take on its own to prevent American companies from reincorporating overseas to shirk U.S. taxes, officials said Tuesday.
Reaction among Republicans is mixed, after a proposal today from President Barack Obama for a lower corporate tax rate and an end to dozens of loopholes that Obama says have helped companies move jobs and profits overseas.
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