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Last updateWed, 27 May 2015 2pm

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GOP Open to Tax Deal in Talks on Deficit

Republicans in Congress are signaling a new willingness to include more tax revenue in a deficit-reduction agreement, in a bid to break the deadlock gripping a congressional committee.

Republicans on the deficit-reduction supercommittee have proposed finding ways to raise taxes and revenue by about $350 billion over 10 years in exchange for cutting tax rates below Bush-era levels.

Source: Wall Street Journal

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