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Big Tax Breaks for Businesses in Housing Bill

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At www.nytimes.com

Consumer groups and labor leaders say the tax provisions in the latest version of the Foreclosure Prevention Act amount to corporate welfare. Senator Chris Dodd, D-CT, main author of the Senate bill, said the measure did not live up to its name. Instead of staving off home foreclosures, it's really an economic stimulus package bent on serving industry.

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At www.nytimes.com


 

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