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Bayh Wanting To Raise Gas Tax Deduction

Last updated on Friday, May 5, 2006

(UNDATED) - Indiana Senator Evan Bayh is asking the Bush Administration to allow the IRS to increase the gas tax deduction for business-related expenses.

Bayh says there's a precedent for increasing the gas tax deduction, it was temporarily increased after Hurricane Katrina.

Bayh is asking the IRS to increase the current reimbursement from 44-cents to 48-cents a mile.

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