The White House reportedly offers to include an overhaul of the corporate tax code in any deal...

|By:, SA News Editor

The White House reportedly offers to include an overhaul of the corporate tax code in any deal on the fiscal cliff, although it doesn't provide specifics, such as how the reform would affect the overall tax burden. The Administration also cuts its goal for new tax revenue to $1.4T from $1.6T. The Republicans make a new offer as well, but deride the business tax proposal as a "red herring" and say the President still needs to outline spending cuts.