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Tax cut and aid package signed amid political maneuvering
The $350 billion tax cut and state aid plan advances with a summer rollout for eligible families. It expands the $1,000 tax credit to some low income households as a refundable credit up to 15 percent of income over $10,500, while phasing out for higher earners. The bill adds a 2010 eligibility threshold, financed by extending customs fees, and faces GOP concerns over targeting. The White House supports aiding low income workers despite potential permanence debates.
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