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President Calls for Nearly $5 in Tax Increases for Every $1 of Spending Cuts
Tuesday, November 27, 2012
As shown in the chart below, this is far from a “balanced approach,” let alone anywhere close to the ratio the President called for last April of $1 in revenue for every $3 in spending cuts. As the President has previously admitted, spending on entitlements, not a lack of tax revenue, is the primary cause of our debt and deficits.
Mr. President, what else are you willing to cut to achieve the “balance” you have long called for? Simply put, where is your plan?