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House Dems Defend IRS Debt-Equity Rules Under GOP Threat

By Bryan Koenig (February 9, 2017, 5:41 PM EST) -- All 16 Democratic members of the House Ways and Means Committee signed on to a letter Wednesday urging their colleagues not to repeal recent Internal Revenue Service rules to recharacterize certain corporate debt as equity for tax purposes, regulations the Democrats say are needed to prevent multinational businesses from relocating overseas....

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