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Republicans signal compromise to retain state and local tax deduction


Republican leaders are already signaling a compromise on plans to erase a nearly $2 trillion break for state and local taxes, backing down in the face of fierce criticism from Democrats and some blue-state Republicans whose constituents would suffer.

It marks the first retreat on the tax reform framework that Republican leaders released last week, but a compromise could quell the furor among party holdouts whose support will be critical to a final deal.

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