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Tax could provide states with about $23 billion a year in additional revenue.
Proposed rewrite could mean higher taxes for real estate, finance businesses.
Untaxed offshore holdings grew by $183 billion over last year.
Bipartisan deal could make it easier for U.S. companies to bring home foreign income that has been taxed elsewhere.
GOP opposition to tax increases may hinder Obama's effort to axe breaks.
President and House Speaker's office moderate the tone of their comments.