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Republican panic boosts tax cut chances

Photo: Pablo Martinez Monsivais / AP

With the release of the Senate's plan yesterday, tax cuts are off to a stronger start than health reform's fraught debut earlier this year.

The bottom line: You've got high top rates on wealthy people, a concession to the left — yet tons of loopholes and crony tax breaks. Even Republicans who have been skeptical all year about tax reform's prospects say they see glints of momentum.