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January 07, 2013


Battle Lines Drawn Over Taxes Again

"Republicans won't accept further tax increases in coming budget and debt negotiations, the party's Senate leader said Sunday, putting GOP lawmakers on a collision course with Democrats over raising the government's borrowing limit," the Wall Street Journal reports.

Democrats are signalling they want "to raise as much as $1 trillion in new revenues through tax reform later this year to balance Republican demands to slash mandatory spending," The HIll reports.

The Cloakroom: When everything is off the table.














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