News Article

75 Percent of Obama's Proposed Tax Hikes to Go Toward New Spending

Via » Submitted On Tue, 12/11/2012 - 4:21pm by fred

Seventy-five percent of the new revenue pulled in by President Barack Obama's 'fiscal cliff' plan would go toward new spending, not toward deficit reduction, the Republican side of the Senate Budget Committee contends. Here's a chart, detailing how money from the new tax hikes would be distributed:


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