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Tax debate looms as Congress ponders Bush era cuts
Why it matters. The nation faces a big tax rise next year if lawmakers do not extend Bush era cuts. Romney seeks deeper rate cuts funded by eliminating credits. Experts warn higher taxes at all levels plus $400 billion more in levy increases could slow the economy. Reform faces divides over credits deductions exemptions.
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U.S
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White House
Bill Clinton
Obama
Mitt Romney
Romney
Internal Revenue Service
Ronald Reagan
Washington