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Obama tax proposal would hit securities dealers, life insurance firms, big estates

May. 12, 2009
The Obama administration seeks to raise $58 billion mainly by ending some corporate tax breaks and changing the way assets in estates are valued. Republicans and business groups blast the plan. The Obama administration is digging deep into the tax code to find ways to help pay for its ambitious...
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch