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Re: Republican Tax Plan

Posted by Charles G on Thu Apr 7 09:06:11 2011, in response to Re: Republican Tax Plan, posted by AlM on Thu Apr 7 08:19:19 2011.

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Fair enough. You can play with both levers -- tax policy and spending changes.

I actually don't think you could close the gap purely with tax increases. Based on the pure run-out of spending, the level of taxation required to close the gap would have too many negative follow-up impacts and would ultimately fall short (perhaps well short) of the target.

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