Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Democrats push tax hikes first in deficit talks

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Richard Cowan and Tim Reid
Reuters
Oct 2, 2011

Democrats want tax hikes to be the first item negotiated in “super committee” deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year’s budget fights, sources told Reuters.

The tough stance by Democratic members of the powerful 12-member congressional panel reflects the party’s wariness that Republicans might try to sideline the issue of revenue increases in the negotiations.

“They’ve raised the idea of doing taxes first,” a Republican aide involved in the discussions said on Friday on condition of anonymity.

The panel has the task of finding ways of cutting the deficit by at least $1.2 trillion over 10 years. If it fails to agree on a plan by November 23, automatic spending cuts will be triggered, beginning in 2013.

Full article here

This article was posted: Sunday, October 2, 2011 at 5:58 am





Infowars.com Videos:

Comment on this article

Comments are closed.

FEATURED VIDEOS
Walmart Death Camps for Martial Law Takeover? (Debunked) See the rest on the Alex Jones YouTube channel.

U.S. Army FORCES Cadets to Wear High Heels to Promote Feminist Campaign See the rest on the Alex Jones YouTube channel.

© 2015 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.