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In Fiscal Cliff Talks, Higher Taxes Vs. Closing Loopholes

04:03
President Obama, accompanied by House Speaker John Boehner of Ohio, speaks to reporters at the White House on Friday during a meeting to discuss the fiscal cliff. (AP)
President Obama, accompanied by House Speaker John Boehner of Ohio, speaks to reporters at the White House on Friday during a meeting to discuss the fiscal cliff. (AP)

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