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State of the Union: Obama and GOP are poles apart on taxes
State of the Union: Obama and GOP are poles apart on taxes

President Obama gives his State of the Union Address tonight, but the White House has already revealed one of the key proposals to be offered up in the speech: Kicking up the capital gains tax rate for couples earning more than $500,000 annually. An unnamed “senior administration official” told CNN that the proposal has “clear congressional bipartisan support.” The official probably did not want to be identified to avoid being laughed out of every bar and dining room in Washington. Brendan Buck, a spokesman for Republican House Ways and Means Committee Chairman Paul Ryan -- who was apparently happy to be named – declared the tax proposal not serious. ...

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