Budget Sense: 6 Bipartisan Fixe$ to America's Fiscal Crisis

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December 4, 2012 News and Analysis on Your Money in Washington

6 Fixes to Our Fiscal Crisis All of Washington's top leaders – including President Obama – promised to get serious about reforming America's bloated entitlement programs, which account for 62% of our national budget. These bipartisan reforms are a start.
Powerball Jackpot Taxes: Just 20 Minutes of Government Taxing millionaires doesn't buy us much in the way of government. With President Obama’s call for a tax increase on upper income earners, these newly minted millionaires could face a 39.6 percent tax rate—on top of whatever state and local taxes they will owe. Read and Comment On Our Blog >>
President Obama’s Fiscal Cliff Plan Has $4 of Tax Hikes for Every $1 of Spending Cuts Presented to Republican leaders last week, the President's "plan" consists of $1.6 trillion in tax hikes over 10 years and unspecified spending cuts that “could total” $400 billion over the same period. Put simply: spend now, save later. BREAKDOWN OF OBAMA'S "FISCAL CLIFF" PROPOSAL (NOV. 29) Understand Federal Spending with 14 Detailed Charts >>	What’s in the Fiscal Cliff? In simple terms, here are the four parts of the fiscal cliff - and why we must avoid it Read the Full Report Time for President Obama's Leadership on Entitlements Share our new short video, with clips of the President promising to tackle the deficit Watch and Share Video Now Obama Tax Hike on Small Business Would Chill Hiring Raising small businesses’ taxes means they have fewer resources available to invest and create jobs. Read and Comment Now

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