A group of CEOs wants the corporate income tax rate lowered to 25% and several new health care taxes and Wall Street regulations axed, as part of their new plan released Wednesday to create jobs.

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After more than a year in the making, the Obama administration on Wednesday released its plan to overhaul the corporate tax code.

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President Obama’s plan to reform the corporate tax system will come out next week, Treasury Secretary Tim Geithner told a Senate panel Tuesday.

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