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Corporate Tax Holiday Won’t Find Way Into Year-End Proposal

A proposal for a temporary tax holiday on offshore corporate profits won’t be included in year-end Republican legislation that includes a payroll tax cut extension, according to House Speaker John Boehner.

The measure, which had been stalled for months, emerged as a candidate for inclusion in a payroll tax bill package getting a strong push from House Republicans, particularly a bloc of lawmakers elected in November 2010.