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Obama Says He’ll Make ‘Pretty Specific’ Tax-Revamp Proposals

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President Barack Obama said he wants to reach an agreement with the new Congress on revamping the U.S. tax code and said the administration would release a more detailed plan.

At his year-end news conference at the White House, Obama said he thought Republican leaders in Congress were serious about addressing taxes and other issues and that staff-level conversations would take place before his State of the Union speech Jan. 20.