There is, to be sure, no clear division between tax cuts and tax expenditures.

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There are no specific cuts in tax expenditures or tax increases of any kind and mandatory entitlements are also largely untouched.

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To cope, cities are implementing hiring freezes and layoffs, delaying capital expenditures and instituting service cuts.

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Besides, while the House budget proposed massive changes in the tax code through cuts in both rates and tax expenditures, it anticipates no net change in projected revenues.

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He said Kerry and Edwards later voted against money for the war, but did not mention that he threatened to veto a version of the defense bill that Kerry supported because it proposed to finance the expenditures by eliminating tax cuts for wealthy Americans.

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Despite the sum of money having been fully offset by cuts and modifications to other planned expenditures, Senate Republicans used the required vote to shoot down the proposed legislation as the Democrats, with some Republican assistance, were able to manage only 58 of the 60 votes required to accomplish the waiver.

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In contrast to Obama, Romney apparently understands that tax cuts are not the same as government expenditures.

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If the sequester goes into effect, personnel furloughs and cuts should be most evident at federal agencies that spend most of their appropriated funds on salaries but cannot reduce expenditures by, for example, delaying deployment of an aircraft carrier group or cancelling major purchases.

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