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House, Senate Tax Proposals Likely to Diverge



WASHINGTON—The House and Senate versions of a plan to overhaul the nation’s tax code are likely to diverge on many issues, including the treatment of business interest expenses and their write-offs for investments.

The tax-writing committees in the House and the Senate are eager to make their own marks on the U.S. tax system, the chairmen of those panels said Thursday.

Their comments underscored a challenge Republicans face….



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