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Obama: Second Term Mandate to Raise Taxes



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In case you were still wondering what the reelection of President Obama would mean, he had an answer for you on Morning Joe. Reelection would be a mandate to raise taxes:

If I’ve won, I believe that’s a mandate for doing it [cutting the deficit] in a balanced way. We’ve already made a trillion dollars worth of cuts, we can do some more cuts, we can look at how we deal with the healthcare costs in particular under Medicare, Medicaid in a serious way. But we are also going to need some revenue.



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