Obama wants 1.6T in new taxes (over 10 yrs?). what is the amount of new taxes raised in doing nothing & letting Bush tax cuts expire?
Obama wants $400B in spending cuts (over 10 yrs?). How much in spending cuts are generated by doing nothing? it seems like it was a pittance and excluded quite a bit except defense
does anyone know? I’d like to know just so I can put this crappy proposal in perspective
Even with a $1.6 trillion increase in revenue over the next decade, his own budget projections will give us a total debt approaching $30 trillion.