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1 trillion in new taxes right away, 370 billion a year in “cuts” over ten years. Some of the “cuts” are from “savings” that if targets are not met can be made up by( read additional taxes) an expedited vote of the senate.


47 posted on 07/19/2011 1:06:04 PM PDT by icwhatudo ("laws requiring compulsory abortion could be sustained under the constitution"-Obama official)
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To: icwhatudo

I was wrong.

“the proposed $3.75 trillion in savings over 10 years contains $1.2 trillion in new revenues.”

So its 1.2 trillion in new taxes and 255 billion a year in “cuts” over a ten year period.


52 posted on 07/19/2011 1:21:18 PM PDT by icwhatudo ("laws requiring compulsory abortion could be sustained under the constitution"-Obama official)
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