Tax-cut legislation for small businesses gains House approval

04/19/2012 | Hill, The

The House voted largely along party lines to approve a plan by Majority Leader Eric Cantor, R-Va., to cut small-business taxes by 20%. Democrats objected to the measure's $46 billion cost and said it primarily would help wealthy taxpayers. Both parties are staking out tax-policy positions ahead of the fall election.

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Hill, The

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