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Battle Lines Drawn on Budget
The Wall Street Journal (online registration required): WASHINGTON—Republicans won't accept further tax increases in coming budget and debt negotiations, the party's Senate leader said Sunday, putting GOP lawmakers on a collision course with Democrats over raising the government's borrowing limit.
Congress and President Barack Obama last week raised income-tax rates on high earners as part of legislation to avoid the series of spending cuts and broad tax increases known as the fiscal cliff.
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