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White House: Obama Would Veto Republicans' R Tax Credit Bill

wochit politics
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May 07, 2014 AT 7:39 AM
President Barack Obama would veto a bill headed for a vote soon in the House of Representatives that would make the research and development tax credit a permanent feature of the tax code, the White House said on Tuesday. According to a White House statement,Obama disapproves of the Republican-backed measure because it would add $156 billion to the federal budget deficit over 10 years.