Megalextoria
Retro computing and gaming, sci-fi books, tv and movies and other geeky stuff.

Home » General Discussion » News and Politics » Dems look for up to $1T in new revenues
Show: Today's Messages :: Show Polls :: Message Navigator
E-mail to friend 
Switch to threaded view of this topic Create a new topic Submit Reply
Dems look for up to $1T in new revenues [message #32099] Tue, 08 January 2013 09:29
CyberkNight is currently offline  CyberkNight
Messages: 1503
Registered: July 2012
Karma: 0
Senior Member
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.

This sets up tax reform as one of the biggest fights of the 113th Congress, which began on Thursday.

Republicans say tax reform should be revenue-neutral. Additional revenues collected by eliminating or curbing tax breaks and deductions should be used to lower rates.

Full article: http://thehill.com/homenews/senate/275815-democrats-looking- for-up-to-1t-in-new-tax-revenues-this-year


  Switch to threaded view of this topic Create a new topic Submit Reply
Previous Topic: OBAMACARE LAYOFFS, HIRING FREEZES BEGIN
Next Topic: College Park couple says front yard vegetable garden is under fire again
Goto Forum:
  

-=] Back to Top [=-
[ Syndicate this forum (XML) ] [ RSS ] [ PDF ]

Current Time: Thu Aug 13 23:03:43 EDT 2020

Total time taken to generate the page: 0.00411 seconds