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Obama Says Still Chance for Tax Code Deal With Republicans

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President Barack Obama held out the prospect that the administration and congressional Republicans can reach a deal on revamping the corporate tax code and said he wanted to start discussions early next year.

Speaking to a gathering of chief executive officers from some of the biggest U.S. companies, Obama said he’s open to accepting a short-term extension of dozens of tax breaks set to expire at the end of the year as a way to start negotiations on broader tax legislation.