Page 2 - Mike Baco News Today : Breaking News, Live Updates & Top Stories | Vimarsana

chances of passing the house and the senate, could this gang of sex save america from default? that is the question at this hour. the plan, the basics of it it would reduce the deficit by 500 bill kwrorz. the top income tax rates would be lowered to no more than 25%, much lower than the top rate right now of 79.6% we'll have once the bush tax cuts expire. strict true spending cats and conform social security to t secure sol advance see if they've worked this out. >> reporter: there is a very strong sense in the senate that this gang of six proposal may be the way out of this debt imp...

the top income tax rates would be lowered to no more than 25%, much lower than the top rate right now of 79.6% we'll have once the bush tax cuts expire. strict true spending cats and conform social security to t secure sol advance see if they've worked this out. >> reporter: there is a very strong sense in the senate that this gang of six proposal may be the way out of this debt impasse that we've been looking at for the past several weeks. this all came together yesterday morning when a group of about 50 senators met behind closed doors to get a briefing on a revamped gang of six pr...