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Mon, Nov. 12 2012 05:58 AM EDT

Fiscal Cliff: 'Tax Rate Increase' or 'Revenue' May Prove Sticking Point

By Napp Nazworth
As members of Congress begin work on a plan to avoid the "fiscal cliff" and work toward a "grand bargain" on deficit reduction, one of the main disagreements between the political parties appears to be whether the plan will have tax rate increases or revenue increases. Republicans say they will accept increases in revenue by eliminating deductions and credits; Democrats are saying that tax rates must be increased on families making more than $250,000 per year. (A link to this page will be included in your message. )

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