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Obama Seeks to End Business Tax Breaks

GOP opposition to tax increases may hinder Obama's effort to axe breaks.

By Richard Rubin, Bloomberg | Updated on January 22, 2013

President Barack Obama’s tax agenda didn’t start with rate increases alone and it won’t end there.

Just minutes after the U.S. House voted on Jan. 1 to set the top individual rate where Obama wanted, the president already was talking about changing the tax system further, “so that the wealthiest corporations and individuals can’t take advantage of loopholes and deductions that aren’t available to most Americans.”

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