Tax overhaul unlikely because of discord, Geithner says

02/16/2012 | Bloomberg Businessweek

Treasury Secretary Timothy Geithner said that an overhaul of the U.S. tax code isn't possible because of the differences between Republicans and Democrats, as demonstrated in discussions last year about cutting the deficit. Testifying before the House Ways and Means Committee, Mr. Geithner said the Obama administration will release a framework this month for altering the corporate tax code.

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