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  • None of the $85 billion in cuts required in 2013 (at least half of which would have to come from non-defense programs) can be replaced by eliminating or scaling back any ???tax expenditure??? ??? that is, any deduction, exclusion, preference, or other subsidy or benefit in the tax code ??? no matter how unproductive or abusive it may be or how much its presence in the tax code may reflect the powe
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