Balanced Approach?
President Calls for Nearly $5 in Tax Increases for Every $1 of Spending Cuts
Monday, December 03, 2012
As shown in the chart below, this is far from a “balanced approach,” let alone anywhere close to the ratio the President called for last April of $1 in revenue for every $3 in spending cuts. As the President has previously admitted, spending on entitlements, not a lack of tax revenue, is the primary cause of our debt and deficits.
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