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State officials agree to $30m tax package

Vermont's 6 percent sales tax will apply to soft drinks for the first time, and income tax deductions will be reduced for wealthy taxpayers, under terms of an agreement between Governor Peter Shumlin and lawmakers. The provisions were part of a $30 million tax package agreed to Saturday, clearing the way for an expected adjournment of the Legislature's 2015 session. Both the House and Senate were calling for nearly $35 million in new general-fund revenues, while Shumlin wanted to hold the line at about $15 million. After hours of closed-door talks over recent days, lawmakers got most of the money they were looking for. Most of the money would come from limiting deductions for people who itemize on their income tax returns. (AP)