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The co-chairs of a deficit commission established by the White House would seek to limit the federal spending on health care, gradually raise the retirement age, and lower the corporate tax rate to 26% according to a draft set of proposals released Wednesday.
The sweeping plan is likely to provoke a political firestorm. It touches many of the third rails of politics, including defense spending, social security and middle-class tax breaks long seen as inviolate.
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https://online.wsj.com/article/SB10001424052748703805004575606643067587042.html?mod=djemalertNEWS
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