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Is Boehner double counting spending cuts?

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This morning, House Speaker John Boehner announced that, because he has so far failed to reach a deal with President Obama to avert the so-called fiscal cliff, he would proceed with a “Plan B.” Under this approach, Boehner will move a bill in the House of Representatives later this week that will make permanent current income tax rates for everybody earning under $1 million. It will not...

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