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Published July 21, 2011, 12:00 AM

New debt plan targets cherished tax breaks in favor of overall lower rates for everyone

WASHINGTON – A new bipartisan plan to reduce government borrowing would target some of the most cherished tax breaks enjoyed by millions of families – those promoting health insurance, home ownership, charitable giving and retirement savings – in exchange for lowering overall tax rates for everyone.

By: Associated Press, INFORUM

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