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The Boston Globe

Nation

Report details Mass. fallout if no deal is made

WASHINGTON — If President Obama and congressional leaders cannot come to an agreement on tax code changes in the coming weeks, some 562,000 lower- and middle-class families in Massachusetts would lose access to the child tax credit, according to a new White House analysis.

Losing the tax credit would cost them an average of $1,000 annually, just one of the many ways the looming austerity crisis would impact Massachusetts residents and businesses if politicians in Washington cannot come to terms on a deal before Jan. 1.

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