Democrats look for up to $1 trillion in new tax revenues this year


Alexander Bolton
thehill.com
January 7, 2012

Democrats say they want to raise as much as $1 trillion in new revenues through tax reform later this year to balance Republican demands to slash mandatory spending.

Democratic leaders have had little time to craft a new position for their party since passing a tax deal Tuesday that will raise $620 billion in revenue over the next 10 years.

The emerging consensus, however, is that the next installment of deficit reduction should reach $2 trillion and about half of it should come from higher taxes.

Read more


Infowars.com Videos:


Comments are closed.