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Last updated: Wed. Jul. 11, 2012 - 11:29 am EDT

Obama calls for rise insmall-business write-offs

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WASHINGTON – The White House says President Obama wants Congress to let small businesses write off up to $250,000 in expenses. Officials say the initiative is included in Obama’s proposal earlier this week for Congress to end tax cuts for families making more than $250,000 a year.

Republicans says ending the tax cuts would lead to a tax increase on small-businessowners.


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