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Subject:  Obama Fine With Just Eliminating Loopholes Date:  12/5/2012  12:54 PM
Author:  2828 Number:  658393 of 876451

Stolen from Abbagirl:

On July 22, 2011 President Obama offered raising the debt ceiling last summer by closing loopholes and not raising taxes.

OBAMA: What we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates. It could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could lower rates generally while broadening the base.
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