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House votes to extend $31B in expiring tax breaks
WASHINGTON - The House voted Wednesday to extend $31 billion in popular tax breaks, including an income tax deduction for sales and property taxes, to be financed with a tax increase on investment fund managers and a crackdown on international tax cheats.
Nations:U.S. People:Barack Obama Activities:111th Congress
2009-12-09
State budget crunches will slow U.S. economy: study
NEW YORK (Reuters) - Severe budget crunches afflicting U.S. states will put the brakes on the national economy by as much as seven-tenths of a percent of Gross Domestic Product in the next 12 months, according to a Goldman Sachs report.
Activities:2008 U.S. Recession Source:(Reuters)
2009-07-13
Slow economy hits state sales tax revenue
NEW YORK – State tax revenue rose slightly in the second quarter, but revenue from sales tax, fuel tax and property tax all dropped compared to a year ago, according to a report released Tuesday. The report warned that states and cities would be forced to cut spending as tax revenues dropped further.
Nations:U.S. Activities:2008 U.S. Recession Source:(AP)
2008-10-07
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