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02.16.05 -- 3:43PM
By Josh Marshall

Phase-out by any other name is still phase-out: President Bush says he's open to a tax hike for upper-income earners (i.e., raising the payroll wage cap) to make Social Security phase-out possible. It's just more of the same effort, which we described yesterday, to woo the Conscience Caucus and the Fainthearted Faction.

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