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The House’s chief tax writer is considering higher tax rates on trillions of dollars of overseas income that U.S. companies have stockpiled over the years, according to a person familiar with efforts to revise the House tax bill.

House Ways and Means Chairman Kevin Brady is thinking about boosting the proposed rates in the bill to 14% on income held as cash and 7% on non-cash holdings, said the person, who asked not to be named because final decisions haven’t been made.

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