The Democrats on the Super Finance Committe have proposed $1 trillion in new taxes; this increase is an addition to the $1 trillion in new taxes to fund Obamacare....as proposed by the Democrats, about 50% of defecit reductions will come from tax increases and NOT spending reductions. Real spending will only decline by about 3%.
this is essentially the same type of cuts/taxes that Obama proposed in the debt ceiling negotiations.
The Democrats aren't interested in solving the problems but just want to demagogue the issue.
The result will be automatic cuts to Medicaid, Medicare and Defense !
