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Political Factoid
"By eliminates[sic] all tax credits,*
Congress could cut individual
income tax rates by 44 percent
and still generate the same
amount of revenue it collects
under current rules [according
to a report from the U.S.
Taxpayer Advocate]."
Many, if not most, of those "credits" go
to businesses and lower-income individuals.
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Credits - as opposed to tax exemptions.
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