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Mike Lee pushes $40,000-per-child tax cut

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Parents get taxed twice because of the nature of the entitlement system, according to Sen. Mike Lee, R-Utah, so he developed a tax reform plan that would mitigate this "parent tax penalty," as well as begin to turn the lessons of the 2012 election into policies that clearly benefit the middle class. Lee wants to give all parents an annual $2,500 tax credit for each child they have. "Our system,...

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