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We can rein in spending on health-care costs. We can eliminate tax credits that have outlived their usefulness and close loopholes that let corporations get away without paying taxes. And we can restore a law that was in place during the Clinton presidency—called Paygo—that prohibits money from leaving the federal treasury, either in the form of new spending or tax cuts, without some way of compensating for the lost revenue.
The Audacity of Hope: Thoughts on Reclaiming the American Dream
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