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“This bill reduces the deficit by $23 billion, it does not raise taxes, and it cuts spending in a smarter way.” —Rep. Paul Ryan (R, Wisc.), Dec. 11, 2013 Overview Technically, the budget deal doesn’t raise taxes. It raises government fees. The distinction makes a difference legally, but for selling the budget deal the difference is primarily semantic. The…
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President Obama: “(Congressman Ryan) put forward a plan that would let Governor Romney pay less than 1 percent in taxes each year.” Overview President Obama made an accurate statement about the budget proposal vice presidential candidate Paul Ryan made in 2010. However, Ryan has since updated his tax reform proposal and it no longer would allow Romney to pay less…
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