Republican leaders favor just such a policy of "tax reform" that lowers or maintains current income tax rates.Earlier this month, however, Obama told business leaders that higher tax rates on the nation's wealthiest earners are essential to reaching necessary revenue targets. He's now asking for $1.6 trillion over 10 years, but lawmakers say a compromise of $1.2 trillion, or less, is possible.
GOP Throws Obama's Old Deficit Stands Back At Him
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