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An aggressive corporate lobbying effort to derail a Republican-backed border tax has forced lawmakers working on tax reform to seek alternatives, said Kevin Brady, chairman of the tax-writing U.S. House Ways and Means Committee.
Many Republicans have expressed skepticism or opposition toward the border adjustment tax, but House leaders still are expected to pursue the tax.
BMW's venture capital fund poured $38 million in a Silicon Valley online used-car startup focused on younger buyers, the company said Wednesday.
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