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WASHINGTON, DC-With exactly two weeks before the Bush era tax rates are scheduled to end and draconian spending cuts put in place, Democrats and Republicans are showing signs of forging some kind of consensus to avoid the worst. The White House stepped away from its earlier position that tax relief should be limited to families with incomes of $250,000. Now that ceiling has risen to $400,000. President Obama also included in his offer some $1.2 trillion in spending cuts, along with the $1.2 trillion he expects to realize in revenues. This offer followed an offer from the Speaker of the House John Boehner, which was based on $1 trillion in spending cuts and $1 trillion in revenues. Those numbers suggest the two camps are not that far off from an agreement.

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