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08/06/2010 09:18 PM

A closer look at the "golden parachute" provision

By: Erin Billups

The State budget was passed a couple days ago, but the $869 million revenue is still being talked about. It includes $330 million from sales tax on clothing purchases of less than $110 and a $100 million limit on charitable deductions for New York's richest residents. There is also a so-called "golden parachute" severance packages for out-of-state residents that has businesses crying foul. Our Erin Billups reports.

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