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European Union uses Obama’s rhetoric to levy new tax on U.S. companies

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European Union bureaucrats have proposed a new tax that will hit even U.S. companies, an idea they’ve justified with the kind of “fair share” rhetoric that Americans have recently been hearing from President Obama. “The tax aims to ensure the financial industry makes a fair contribution to the public purse,” the European Commission explains. “It would also be a way to make banks and other...

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