Murphy Bill Would Create Tax Break For 'Angel' Investors

U.S. Sen. Chris Murphy would give "angel" investors a new federal tax break and is also a co-sponsor of another bill introduced Thursday that will erase a barrier between those investors and start-up companies that need their money. Murphy's "Angel Tax Credit Act" would give individual investors, known as "angels," a new 25 percent federal tax break if they put at least $25,000 of their money in U.S.-based, high-tech startups.

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