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US Corporations Of course, one in order to compensate for that higher loan rates on national debt are to raise taxes. But during the ''debt ceiling'' debate, legislators balked at such a treatment. After all, the average American is taxed towards point of poverty precisely as it is. The rich will fight new taxes at all costs, so where will taxes increases may and at what amount? Will public services be cut instead? Ought to a scary thought, along with no doubt.
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