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In a Shift From Deficit Concerns, the Senate Will Take Up Tax Breaks
The New York Times: WASHINGTON — The Senate on Tuesday shrugged off the deficit concerns that were once an animating force on Capitol Hill, voting 96-3 to take up a package of business tax breaks without offering any way to pay for them.
The procedural vote presaged final passage as early as this week and followed the House’s overwhelming approval last week of legislation that would make permanent the research-and-development tax credit for businesses and raise the deficit by $156 billion over the next 10 years. On that vote, 62 House Democrats joined virtually every Republican in ignoring President Obama’s veto threat because of the deficit implications.
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