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D.C. votes down tax breaks for tech companies

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The D.C. Council on Wednesday resoundingly rejected a tax incentive designed to keep and lure technology companies to the city, in a decision Mayor Vincent Gray's administration had warned would hamper economic growth. In an 11-1 vote, lawmakers voted down a plan that would have slashed the District's capital gains tax on select technology investments from 8.95 percent to 3 percent. At-large...

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