Revenue-Neutral Corporate Tax Reform Gets Boost on Capitol Hill

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The case for a revenue-neutral overhaul of corporate taxes advances in Congress as President Obama tells Senate Republicans he favors that approach and the chairman of the Senate Finance Committee takes a similar position. Obama makes the case for revenue-neutral, rate-lowering corporate reform in a lunch meeting at the Capitol, Senate Minority Leader McConnell and other Republican senators tell reporters after the president visits with lawmakers for the third straight day. The movement comes as the Finance Committee takes a step on the tax overhaul, announcing that members will begin a series of weekly meetings on tax reform March 21. Meanwhile, attempts to amend the Senate budget resolution and block it from raising revenue fail, as do proposed amendments to raise tax revenue through the House budget resolution.