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PBS News Hour

Lawmakers Consider Cutting Tax Deductions to Cut Deficit

While tax breaks are popular, their future may be limited. Congressional leaders are deliberating on how they can increase revenue in order to bring down the deficit, and deductions may be on the chopping block. Paul Solman explores write-offs for charitable donations, mortgage interest and state and local taxes.
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January 21, 2026 - PBS News Hour full episode
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