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Obama Rejects Extension of Top-Bracket Tax Cuts

HeadlineSep 08, 2010

President Obama is expected to unveil additional economic proposals today that will include an end to Bush-era tax cuts for the wealthiest Americans. In a speech from Cleveland, the White House says Obama will call on lawmakers to extend the tax cuts for 98 percent of Americans while returning those who make above $200,000 to pre-2001 levels. Obama will also propose another set of tax cuts on capital expenditures for businesses that Democrats say are intended to win Republican and corporate support.

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