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US House Panel Advances $78 Billion Tax Break
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US House panel advances $78 billion tax break bill with bipartisan support, aiming to increase child tax credits, restore R&D and equipment investment tax deductions, and provide tax breaks for affordable housing and disaster victims. Despite strong congressional support, its fate remains uncertain.
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How might the passage of this tax break bill impact the overall economy and taxpayer behavior?
In what ways could the bill's provisions influence the competitiveness of businesses and the availability of affordable housing?
What challenges might arise in implementing and enforcing the bill's provisions, and how could these be addressed?
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