Home From the Wires Tax breaks for the rich

Tax breaks for the rich

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Tuesday, November 20, 2012

taxesBut is it even possible to raise $1.6 trillion from wealthy households without changing tax rates? Experts say it is. But doing so might be politically infeasible and hugely unpopular.

Whether to raise revenue through increasing tax rates or cutting loopholes has become a central sticking point in the negotiations on a major debt deal.

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