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Obama uses tax proposals for political message

Aiming tax increases at millionaires and companies that ship jobs abroad may help frame the fairness theme of President Barack Obama's re-election campaign, but it's a plan that stands virtually no chance of passing Congress.

By Alan Fram | Updated on January 30, 2012
(AP Photo/Susan Walsh)

WASHINGTON (AP) — Aiming tax increases at millionaires and companies that ship jobs abroad may help frame the fairness theme of President Barack Obama’s re-election campaign, but it’s a plan that stands virtually no chance of passing Congress.

Republicans have enough votes in the GOP-run House, and almost certainly in the Democratic-controlled Senate, to kill Obama’s proposals. They say his ideas would discourage investment and job creation and further hurt an already ailing economy.

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