Obama 2013 Tax Increase Twice as Large as Looming Sequestration

Sequestration-level spending cuts and much more are needed to put the U.S. budget on a path to balance. Sequestration, a blunt instrument that’s indicative of Washington dysfunction, reduces projected spending by only 2.4 percent. Even with sequestration, federal spending is on course to reach nearly $6 trillion by FY 2023, growing by 67 percent from today’s $3.6 trillion. Washington policies like deficit spending and rapidly rising debt are keeping the economy from recovering.

via Obama 2013 Tax Increase Twice as Large as Looming Sequestration.

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