President Obama has presented to Republicans his plan to avert a fiscal cliff. The Foundry blog has this chart.
"The “plan,” presented to Republican leaders yesterday, consists of $1.6 trillion in tax hikes over 10 years and unspecified spending cuts that “could total” $400 billion over the same period. So estimating liberally, the package consists of at least $4 of tax increases to $1 of spending cuts—and that’s if the promised spending reductions do materialize (which is far from certain). This is the Obama definition of “a balanced plan.”
Read more here: http://blog.heritage.org/2012/11/30/chart-of-the-week-obamas-fiscal-cliff-plan-has-4-of-tax-hikes-to-1-of-cuts/
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