US House, Senate Republicans brace for clash over corporate AMT tax
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Washington
US REPUBLICANS in Congress are grappling with a thorny question about corporate taxes as they work to reconcile competing tax bills from the Senate and House of Representatives into a unified measure that they hope President Donald Trump will sign into law before the end of the year.
The Senate bill that squeaked through on a 51-49 vote last week jettisoned a long-held Republican goal of repealing the corporate alternative minimum tax (AMT) to help pay for last-minute deals that secured the Republican votes for passage.
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