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Obama's 63-year tax plan won't tame deficits, spending

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Politics,Paul Bedard,Washington Secrets
President Obama's latest budget plan includes a projection that taxes from 2022 to 2085 will remain at a historically high of 20 percent of gross domestic product, and even that won't erase the deficit, according to a Senate analysis. The president's fiscal 2013 budget plan for a 63-year 20 percent tax take also has another problem, according to the Senate Republican Policy Committee: The U.S....