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GOVERNMENT

Pelosi: More Tax Revenues Must be Part of Next Deficit Deal

01/06/2013 0

Pushing back against the Republicans’ deficit-reduction strategy, House Minority Leader Nancy Pelosi (D-Calif.) said this weekend that more tax revenues – not just spending cuts – must be a part of Congress’s effort to rein […]

FINANCIAL

Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases

01/02/2013 0

According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of […]