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Obama Seeks Tax Reforms

U.S. President Barack Obama wants to raise taxes on the wealthiest Americans and the largest financial firms, which he says will strengthen the middle class. The proposals, outlined in a White House press release, will likely not pass in the Republican-controlled Congress, but sets the stage to highlight the differences in the Democratic and Republican parties as the campaigning begins to rev up for next year's presidential election. The president will announce the proposals...

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