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Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases »
According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts. Source Main page (current trends)
More about: Congressional Budget Office, congressional leaders, Fiscal Cliff Deal, President Barack Obama, tax increases