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Oregon Democrat Congressman Peter DeFazio says he's afraid that President Obama will cave in to Republican demands for massive cuts, in a deal to raise the nation's debt limit. He says: “It’s pretty typical of his negotiating. The results of his past negotiations like extending all the Bush tax cuts have been disastrous. SO many of us are concerned.” And DeFazio calls for higher taxes on upper incomes, saying that tax rates now are the lowest since 1950.

 

 

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