WASHINGTON, Sept 19 U.S. Treasury Secretary
Timothy Geithner on Monday said the Obama administration's plan
to revamp the corporate tax code would be unveiled by the end
of the year.
Geithner took questions about President Barack Obama's
proposal to overhaul the tax code by cutting corporate tax
breaks, as part of an effort to pare the deficit by $3 trillion
over a decade.
Geithner also said the proposal would restore fiscal
soundness to the United States, responding to a question about
the decision by Standard & Poor's to lower the top-notch AAA
credit rating of the country.
(Reporting by Caren Bohan, Deborah Charles and Kim Dixon;
Editing by Will Dunham)