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The budget debate in Washington goes on, highly partisan and seemingly with little prospect for compromise, much less progress. Even after the November elections, it’s likely neither party will gain enough power to move fiscal matters in a concerted direction. Still, for all the prospect of an impasse, tax reform remains possible. It would be an overstatement to say that substantive reform is probable, but the prospect is much greater than most investors and business people seem to believe.Recommended Stories
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