White House blasts study critical of Obama's tax-plan

The White House hit back hard late Tuesday, criticizing a study by accounting firm Ernst and Young that charged President Barack Obama's signature tax proposal could cost 710,000 jobs, claiming it's chock full of "major flaws, errors and misleading statements." Obama has called for extending Bush-era tax cuts on income up to $250,000, a move that chiefly would benefit the middle class, while letting lower tax rates on upper brackets expire on schedule come January...Full Story
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