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To fix the deficit, tax and cut
After a few weeks of posturing, House Speaker John A. Boehner (R-Ohio) has finally agreed to increase tax rates on the highest-income Americans. Although his offer stopped almost half a trillion dollars short of President Obama's proposal, the mere fact that the GOP's top negotiator would support an increase in those rates at all brightens the prospects for a deficit-cutting deal by Jan. 1.
December 18, 2012