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D.C. Council gives early support to LivingSocial tax breaks

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The D.C. Councilpreliminarily approveda bill Tuesday that would grant technology companies millionsof dollarsin tax credits for hiring D.C. residents. The legislation,which had unanimous support,is meant to encourage D.C.-based LivingSocial to keep its headquarters in the city, with up to $32.5 million in tax breaks. Supporters say the economic development package will bolster the...