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The pledge, the cliff, and closing loopholes

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“The pledge is not to me. It is to the voters,” Grover Norquist, 60 Minutes, August 26, 2012 The reelection of President Obama, the expiring Bush tax rates, and the Americans for Tax Reform “Taxpayer Protection Pledge” have all put Republicans into a tough spot. Obama wants to raise taxes, the expiring tax rates have made tax hikes inevitable, and The Pledge has bound Republicans never to vote...

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