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Old 07-09-2011, 04:48 PM  
kane
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Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
I would guess that we will see some loopholes being closed in some of the tax laws pretty soon. I think that is how the republicans are going to save face on the debt ceiling battle. They will agree to some tax code changes in exchange for no new tax increases and they will do some spending cuts.

This way both sides can claim a victory and some people will end up paying more in taxes without having actually raised the tax rate.
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