CSPAN Washington This Week November 18, 2012
The revenue base is inadequate and have no way of getting to the specific spending reductions to hit their deficit targets of the plug the hole by rationing down Discretionary Spending in a way that is not what is the appropriate Revenue Target . If you look at the 2020 horizon and try to do the math, i think we need about 2 of gdp in additional revenue compared to current policy. That would come if we just allow all of the tax cuts, not just those of up to it pretty thousand dollars in income to expire. Not something we should do it immediately those of up to 250,000 in income to expire. Not ...