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Balances only
“on paper” in 2012; makes long-term
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deficits worse
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Makes the very
expensive 2001 and 2003 tax cuts
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permanent, while
ignoring costs of Alternative
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Minimum Tax
relief (together they would cost $3.5
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trillion
over the next 10 years)
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Cuts in domestic
discretionary programs that grow
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deeper over time
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Cuts in health
care – including Medicaid cuts that shift
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significant
costs to states and insufficient funding to
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continue coverage
in the State Children’s Health
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Insurance Program
(SCHIP)
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