News Article

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

Via thehill.com » Submitted On Mon, 01/07/2013 - 10:27am by Dakota

The emerging consensus is for the next round of deficit reduction to reach $2 trillion, with half from higher taxes. 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.

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