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House Approves GOP Tax Measures for Savings, Startups

from The Associated Press

House Republican leaders are portraying the second crack at tax cuts as championing the middle class and small businesses. Prospects for the legislation are unclear in the Senate. One of the measures would create a “universal savings account” for families that could be used for a range of purposes. Democrats unanimously opposed the $1.5 trillion tax law signed into law in December by President Donald Trump, and they similarly oppose the new legislation. more

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