White House proposes unidentified tax hikes, new stimulus spending; GOP rejects plan
(MCT) — WASHINGTON — The Obama administration Thursday offered to get the nation off the fiscal cliff with a package that includes $1.6 trillion in tax increases over 10 years, more controversial spending to stimulate the economy and a permanent solution to the fights over raising the nation’s debt ceiling.
The plan was quickly derided by Republicans, with Senate Minority Leader Mitch McConnell, R-Ky., branding the offer as “completely unrealistic.”
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