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Senate Republicans Vote Down Small-Business Tax Breaks

July 14, 2012 /

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The Senate broke the stride of the Obama administration’s hoped-for march toward new tax breaks for small-business owners on July 12.

In what Democrats characterized as a partisan effort, the Senate, in a 53-to-44 vote, defeated a proposed 10-percent tax break in the Small Business Jobs and Tax Relief Act that would have encouraged new hires. The outcome of the final vote was largely attributed to a Republican-led filibuster. The bill needed 60 votes to survive the Senate.

James O’Brien

Full Story: http://www.openforum.com/articles/senate-republicans-vote-down-small-business-tax-breaks