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

Posted By admin On January 7, 2013 @ 11:09 am In Featured Stories,Tile | Comments Disabled

Alexander Bolton
The Hill [1]
Jan 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.

Full article here [1]


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URLs in this post:

[1] The Hill: http://thehill.com/homenews/senate/275815-democrats-looking-for-up-to-1t-in-new-tax-revenues-this-year

[2] U.S. Budget Gap Exceeds $1 Trillion for Fiscal Year: http://www.prisonplanet.com/u-s-budget-gap-exceeds-1-trillion-for-fiscal-year.html

[3] White House to Hunt for New Tax Revenues: http://www.prisonplanet.com/white-house-to-hunt-for-new-tax-revenues.html

[4] U.S. budget gap widens, tops $1 trillion for third year: http://www.prisonplanet.com/u-s-budget-gap-widens-tops-1-trillion-for-third-year.html

[5] Congressional Budget Office Projects $9.5 Trillion In Deficits By 2021, $2.3 Trillion More Than Obama’s Estimate: http://www.prisonplanet.com/congressional-budget-office-projects-9-5-trillion-in-deficits-by-2021-2-3-trillion-more-than-obamas-estimate.html

[6] Nikkei Surges As BOJ Injects Another ¥3.5 Trillion: Just Add It To The Existing ¥23 Trillion Plunge Protection Tab: http://www.prisonplanet.com/nikkei-surges-as-boj-injects-another-%c2%a53-5-trillion-just-add-it-to-the-existing-%c2%a523-trillion-plunge-protection-tab.html

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