Detailed text transcripts for TV channel - FOXNEWS - 20150731:08:16:00
Cuts as a result of five recent foreign acquisitions. now lawmakers again pledged to overhaul the corporate tax code. >> i think there are lots of opportunities, but in this case we do have some momentum. the three of us the house under paul ryan our proposal and the treasury department proposal are not that far apart. >> reporter: senior lawmakers say they're hoping to rewrite the corporate tax code by this fall. standing in their way are question questions and arguments over how much to lower rates and an intense defense by some businesses to tax breaks. the gross domestic product in the q...