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March 2, 2011

Report: Tax Cuts Could Cost 19 States $5.3 Billion 
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A new study says 19 struggling U.S. states stand to lose as much as $5.3
billion in tax collections over the next few years as a result of
President Obama's recent tax deal with Republicans. According to the
Center on Budget and Policy Priorities, the unintended losses would come
from a provision allowing businesses to deduct the full value of new
equipment costs.



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