Lawmakers from both parties on the deficit-reductionsupercommittee said they agree the U.S. corporate tax rate shouldbe lowered from its current maximum of 35 percent.

There was little agreement at the panel meeting today on whichbenefits in the tax code should be eliminated or curbed to pay forlowering the corporate rate. Also, the lawmakers didn't indicatethat the panel would produce legislation by Nov. 23 that would pushcorporate rates lower.

“Most people do agree that such high tax rates make the UnitedStates a less attractive place in which to do business,” saidSenator Patty Murray of Washington, the Democratic co-chairman ofthe panel. “Instead of making and improving their widgets or hiringnew people,” she said, businesses “spend too much time and effortdevising business strategies aimed simply at tax avoidance.”

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