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March 5, 2009

Geithner: Admin Could Scrap Repeal of Tax Deductions for Wealthy
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Obama, meanwhile, is facing opposition from members of his own party on
a plan to reduce tax deductions for wealthy Americans. The plan would
save around $318 billion over ten years. Under questioning from Senate
Finance Committee Chair Max Baucus Wednesday, Treasury Secretary Timothy
Geithner said the Obama administration would consider dropping the
proposal.



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