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Obama to Propose Tax Credits, IRA Reforms to Aid Middle Class in State of Union Speech

January 26, 2010 in Daily Tax Report · Leave a Comment 

President Obama Jan. 25 previewed a series of legislative proposals that he intends to include in his Jan. 27 State of the Union address and fiscal year 2011 budget, including a significant expansion of the child tax credit, support for elder caregivers, and easing of student loans.

In addition, the president proposed to give more…

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