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Groups criticize elements of proposed tax reform plan
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Banking
Wednesday, March 5, 2014
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Industry groups are sounding off on portions of a sweeping tax reform plan proposed by Rep. Dave Camp, R-Mich., chairman of the House Ways and Means Committee. Associations representing bankers and other members of the financial services industry opposed provisions that would limit the tax deduction for premiums paid to the Federal Deposit Insurance Corp. by institutions with consolidated assets in excess of $10 billion. Another group expressed concern over proposed changes to the mortgage interest deduction. Read on for the details.
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