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IPFS News Link • TAXES: Federal
House Republican leaders endorsed a far-reaching plan Monday to rein in
the national debt that would raise $800 billion in new tax revenue,
slice $600 billion from federal health programs and apply a stingier
measure of inflation to Social Security benefits. [that is ... no real cuts in spending]
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1 Comments in Response to GOP serves up $800 billion in new taxes
http://www.nytimes.com/2012/12/04/us/politics/boehner-counters-obamas-proposal-on-deficit-cuts.html