It also wants an expanded Earned Income Tax Credit, an expanded saver's credit and a permanent exclusion from capital gains taxes on small business investment. (Does anyone think green energy tax credits will vanish anytime soon?) One ghost that keeps returning: the research credit, first introduced in 1981, which allows companies to write off a portion of their research and development expenses.

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Consumer credit already expanded much more than expected last month as Americans took on debt to pay for things like job and school.

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Pacific Lumber made an emergency loan and has since expanded its credit line to pay Scopac's interest again on Jan. 20.

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