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Someone has to pay for all the money the government spends. Either you can reduce spending or increase taxes. Probably both are needed. It is the fiscal conservative republicans that went over to the democrats two day ago.
I think people who make money on other people's work should pay higher taxes than the people who get a wage for doing the work.
Bush is still in the WH, and has veto power, so the nation won't be that different.
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