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Income Tax
'Fiscal cliff' deal approved, avoiding tax increases, spending cuts
'Fiscal cliff' deal approved, avoiding tax increases, spending cuts

A bipartisan plan to avoid federal spending reductions and tax increases that would hit Maryland especially hard won final approval Tuesday night in the House of Representatives even as outside groups warned that the bill would simply delay difficult decisions for a few months. After a day of wild political gyrations — even by Washington's standards — the House voted 257 to 167 to pass a plan negotiated by Vice President Joe Biden and Senate GOP leader Mitch McConnell that raises income tax rates on households earning more than $450,000 and postpones $110 billion in spending cuts through the end of February. For Maryland, home to nearly 300,000 federal employees and a...

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