Page 9 - 620 Billion News Today

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Latest updates on this topic.

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Taxing side of it? now we have to concentrate on spending. is that done now? the revenue side of it taken care of? >> no. it is not. the president said originally he wanted $1.6 trillion in revenue. he took it down to $1.2 trillion as a compromise in this legislation we get $620 billion. very significant high-end tax, changing high-end tax rate to 39.6%. but that is not enough on the revenue side. weve already agreed to $1 trillion in spending cuts, over $1 trillion in spending cuts. >> what are...

Treat medicare patients and it also prevents a spike in milk prices that would have happened as a result of the expiration of the farm bill. the president read a statement which read in part quote neither democrats and republicans got everything they wanted this is the right thing to do for our country and the house should pass it without delay end quote. whether this goes as smoothly as the house remains to be seen. there are conservative republicans elected to office on promises to cut governm...

Congressional budget office, the senate bill cuts only 15 billion in spending while increasing tax revenues by 620 billion. >> and we actually -- heather: what do you think about that in the bill? >> we actually havent been able to find the 15 billionending cu. unemployment insurance being extended to federal workers getting raises to medicare increases, everything weve seen shows increases in spending. the president calls it a balanced approach. to me, that would mean taxes would with go up and...

Latest updates on this topic.

Latest updates on this topic.

Revenue we had $620 billion significant high end tax rate to 39.6 percent but that is not enough on the revenue side. we have already agreed to a trillion dollars in spending cuts over a trillion dollars in spending cuts. are you talking about more taxes? >> talking about looking at the tax code putting everything from the table from the standpoint of closing loopholes and know we can do that. subsidies for big oil 38 billion right there. again not to take things in isolation just to say okay, h...