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Tax Loopholes, Wealth Destruction, and Health Reform

AT&T (T), Caterpillar (CAT), Deere (DE), and Verizon (VZ) garnered headlines last week (and an unwelcome summons to Capitol Hill) for announcing that a provision in the recent health care legislation would result in substantial accounting write downs. AT&T, for example, told the SEC that it expects to take a $1 billion charge in the [...]
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