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Which is why both the White House and the House Republicans only see this fee happening in the context of a broader corporate tax reform deal that includes a complete overhaul of how we tax foreign earnings — the White House wants a global minimum tax, and House Republicans want to leave foreign earnings alone. Either way, both sides want an end to this period, in which corporations are holding trillions overseas while they wait for a better deal that they have every reason to believe is on its way.
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