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You are here News Economy Tax breaks only to those who create jobs in US: Obama

Tax breaks only to those who create jobs in US: Obama

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Stepping up his campaign against outsourcing, US President Barak Obama today asserted his administration would offer tax benefits only to those firms which will create jobs in the country, a move that may hit Indian IT firms in a big way.

"We believe on tax breaks for those firms that create jobs in the US. So we are beginning to do that," Obama said at a press conference here.

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