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Cut those taxes, cut that spending. NEW YORK (CNNMoney) -- Rick Perry has an economic plan. He wants the federal government to spend less money, and he wants huge tax cuts. Oh, and a balanced budget by 2020. Here's the rub: Perry's plan would drastically reduce the amount of money the government collects in taxes. And with a balanced budget amendment, that would mean taking an axe to spending levels. "Cuts of the magnitude required would effectively cripple most federal government programs," said Craig
Source: money.cnn.com