Obama's retroactive tax legislation faces opposition

07/25/2014 | CNBC · Bloomberg

Some Senate Democrats are raising concerns about President Barack Obama's plan to prevent companies from moving their legal address to non-U.S. locations for tax purposes. "Do we get something done on this now?" asked Sen. Bob Casey, D-Penn. "Or do we make it part of tax reform overall, which I hope we can begin to address as soon as the election is over."

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