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November 26, 2014

Obama Vows to Veto Tax Deal Which Favors Corporations 
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President Obama has vowed to veto a proposed $440 billion tax deal which
the White House says favors corporations and neglects working families.
The bulk of the deal between House Republicans and Senate Majority
Leader Harry Reid would serve to enrich businesses, while the deal
excludes measures to enshrine two key breaks for working-class families
– an earned income tax credit and a child tax credit. The Center on
Budget and Policy Priorities estimates more than 16 million people would
fall into poverty – or deeper into poverty – if the provisions are
not made permanent.

 

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