WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Monday the United States would take steps to end “indefensible” tax breaks and loopholes that unfairly benefited some companies and well-off individuals.
“We believe in a level playing field. Unfortunately, we have a tax code that gives businesses that invest and create jobs overseas a competitive advantage over those who invest and create jobs at home,” Geithner said at an event with President Barack Obama at the White House.
Reporting by Ross Colvin, Editing by Sandra Maler
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