The Double Quotes

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Bob Bowman - [Bowman backed off and implemented the double sessions a year later, when Phelps was more mature, and the work paid off. In a preliminary swim at the spring national championships outside Seattle in March 2000, Phelps lowered his 200 butterfly personal best by an astonishing five seconds, to 1:59 flat. The time instantly made him one of the fastest swimmers in the world, at age 14.] It was the most boring environment you could imagine, ... There were maybe two people in the stands. There was no cheering. Then Michael swims 1:59. I remember walking to my car after that swim, stopping and saying out loud, 'He's going to make the Olympic team.' That day changed everything.

[Bowman backed off and implemented the double sessions a year later, when Phelps was more mature, and the work paid off. In a preliminary swim at the spring national championships outside Seattle in March 2000, Phelps lowered his 200 butterfly personal best by an astonishing five seconds, to 1:59 flat. The time instantly made him one of the fastest swimmers in the world, at age 14.] It was the most boring environment you could imagine, ... There were maybe two people in the stands. There was no cheering. Then Michael swims 1:59. I remember walking to my car after that swim, stopping and saying out loud, 'He's going to make the Olympic team.' That day changed everything.

Bob Bowman
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Chris Edwards - The Panel's income tax reform plan would make some positive changes such as eliminating the double-taxation of dividends and treating U.S. businesses on a territorial basis with regard to their foreign profits. Both of these changes would increase U.S. business competitiveness and spur investment. However, on both the individual and business parts of this simplified income tax, the proposed top tax rates were still too high. For example, the proposed 32 percent corporate rate would still be higher than the 28 percent average corporate tax rate in Europe.

The Panel's income tax reform plan would make some positive changes such as eliminating the double-taxation of dividends and treating U.S. businesses on a territorial basis with regard to their foreign profits. Both of these changes would increase U.S. business competitiveness and spur investment. However, on both the individual and business parts of this simplified income tax, the proposed top tax rates were still too high. For example, the proposed 32 percent corporate rate would still be higher than the 28 percent average corporate tax rate in Europe.

Chris Edwards
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