"Fiscal cliff" deal may include lower corporate tax rate

A compromise to avert the "fiscal cliff" could include an agreement to fast-track an overhaul of the way the U.S. taxes corporations. President Barack Obama wants the deal to include provisions for cutting the corporate tax rate and changing how individuals are taxed. Rep. Dave Camp, R-Mich., chairman of the House Ways and Means Committee, backs a plan to tax all corporations at 25%.

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