WASHINGTON (AP) — The Obama administration’s decision to curb the ability of U.S. corporations to skirt taxes by merging with foreign companies kicked off an immediate election-season debate over when and how to tackle the nation’s complex corporate tax code.

Following through on a populist appeal from President Barack Obama for a new era of “corporate patriotism,” the Treasury Department stepped in Monday with new regulations designed to limit the ability of U.S. firms to seek refuge in lower tax countries.

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