White House Rethinks Tax Hikes
Obama Open to Revising Plan to Cap Breaks on Mortgage Interest and Donations
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John D. Mckinnon
and Martin Vaughan
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But after objections from Democratic lawmakers, Treasury Secretary Timothy Geithner appeared to suggest at one point Wednesday that the administration was willing to consider dropping or modifying the proposal.
The resistance from Mr. Obama's own party — focusing on a single element of the president's tax plans — could foreshadow broader troubles for the rest of his proposed tax increases.
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John D. Mckinnon
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