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Companies Sign Letter Against Higher Taxes in Budget
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Companies Sign Letter Against Higher Taxes in Budget

On March 24, 200 American companies sent a letter to Congressional leadership about the proposal in the Obama-Reid-Pelosi budget to repeal tax "deferral".  Deferral allows companies to defer income into the future to avoid high marginal tax rates on income.  The letter claims that the repeal would unilaterally increase taxes on large American companies that deal internationally.  

04/09/2009