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Top Dem calls for tax increase on 99 percent of Americans

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House Minority Whip Steny Hoyer, D-Md., called for an income tax increase on the 99 percent of Americans whose rates did not go up under the fiscal cliff deal, a hike that he proposed alongside entitlement reforms as part of a “balanced” plan to resolve the country’s fiscal crisis. “Closing loopholes is like getting rid of fraud, waste, and abuse — it sounds nice, until you’ve...