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Correction: Small Talk story

Friday - 2/17/2012, 11:43am  ET

NEW YORK (AP) - In a Feb. 16 story about reaction to President Barack Obama's budget proposal, The Associated Press erroneously reported that Obama was proposing a $1 million exemption for the federal estate tax and a tax rate of 55 percent for amounts above that threshold. Obama actually proposed a $3.5 million exemption and a tax rate of 45 percent.


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