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Subject:  Best move for Republicans Date:  11/15/2012  6:01 AM
Author:  Radish Number:  111052 of 146935

Here's my take on the best move now for Republicans in Congress (since I did so well with my "best move for Obama" a while back). Patience... I'll get to in further down in this post.

In Obama's press conference, he said "But when it comes to the top 2 percent, what I’m not going to do is to extend further a tax cut for folks who don’t need it, which would cost close to a trillion dollars." It's an interesting comment, because according to the IRS's latest data, the top 5% paid about one-half trillion dollars in total income taxes (the IRS apparently doesn't do a top-2% breakdown, or at least no one quotes it). So even if you cut not just the top 2%'s tax rate, but the top 5%'s, and even if you cut that tax rate down to