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The bipartisan tax deal charade
An agreement was reached this week to restore tax breaks for businesses and to increase child tax credit benefits for lower-income families. The deal was negotiated by Sen. Ron Wyden (D-OR)‚ chairman of the Senate Finance Committee‚ and congressman Jason Smith (R-MI)‚ chairman of the House Ways and Means Committee. The legislators say the bill would cost $78 billion.
That figure bears no relationship to reality.
Under the tentative agreement‚ the tax breaks...