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MAY 31, 2001

The $1.35 trillion dollar tax cut passed by Congress last week contains a provision to exempt Holocaust victims and their descendants from paying federal taxes on compensation packages being awarded throughout the world.

The provision was sponsored by Senator Peter Fitzgerald (R-Ill.). There are an estimated 80,000 Americans who could beneift from the provision when they take their share of over $5 billion in Holocaust settlement funds.

Get the Story:
Holocaust Victims Get Tax Break (The Washington Post 5/31)

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