To close tax loopholes, Obama would open new ones

President Barack Obama meets with his senior staff to assert expectations on ethics and conduct, at the Eisenhower Executive Office Building in the White House complex in Washington, Wednesday, Jan. 21, 2009. (AP Photo/J. Scott Applewhite)
February 23, 2012 12:18:45 PM PST
President Barack Obama wants to close dozens of loopholes that let some companies pay little or nothing in taxes. But he also wants to open new ones for manufacturers and companies that invest in clean energy.

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