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GOP Balks At Taxes In Sequester Fix As Industry Meets At White House

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Republicans insisted they would not heed the president’s proposal for a short-term delay to pending “sequestration” budget reductions if it includes new taxes yesterday, when defense executives warned White House officials the cuts would devastate their industry. House Speaker John Boehner (R-Ohio) told reporters he would not accept President Barack Obama’s proposal to craft a plan to push off the start of sequestration--which is scheduled to start March 1 and tap $500 billion from Pentagon over a decade--unless it includes…

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