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US Democratic tax credit bill aids poor, cuts corporate breaks

from Reuters

Democatic U.S. Senator Patty Murray recently introduced legislation to expand a tax credit for the working poor as requested by President Barack Obama, proposing to pay for it by closing two tax breaks that aid corporations. With Senate Democrats not pursuing a traditional budget resolution this year, the targeted measure aims to help them draw fiscal contrasts with Republicans, who will consider their own budget plan next month. more


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