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Source: Laura Weiss, ROLL CALL, 12/30/21
The Senate Finance Committee's tax package would generate about $60 billion less revenue to pay for the rest of Democrats' multitrillion-dollar social safety net and climate bill, according to a preliminary Joint Committee on Taxation estimate. Among the changes Senate Democrats added were exemptions for employer pension plans and nonprofits from a new minimum tax intended for the largest corporations, and expansions of clean energy credits to benefit hydropower projects, hydrogen fuel production, energy-efficient home electrical upgrades and more.
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