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"Tax loopholes"

Debt Wish: Loop Fiasco

February 4, 2013

President Obama on Sunday called for closing tax loopholes in order to increase revenue and reduce the federal deficit. But just over a month ago Washington passed a deal to avert the fiscal cliff that included a host of tax breaks for special interests, while forcing every American to pay a little more. So when President Obama says we need to close the loopholes to increase revenue, will these sweetheart giveaways be on the chopping block? Somehow we doubt it.