Tag Archives: tax hikes

Balanced: Senate Fiscal Deal Has $41 In Tax Hikes For Every $1 In Spending Reductions

Balanced: Senate Fiscal Deal Has $41 In Tax Hikes For Every $1 In Spending Reductions

According to the Congressional Budget Office, the “fiscal cliff” deal passed by the US Senate late last night has $15 billion in spending growth reductions (it’s not cuts as we’ll still be spending more in 2013 than we’re spending in 2012) and $620 billion in tax hikes, both over the course of a decade. After

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