GOP Weighs Tax Options For Debt 'Supercommittee'

The plan places sharp limits on the total amount of tax deductions and credits that a person could claim, in exchange for significantly lower income tax rates. At the same time, Republicans are willing to accept an about $300 billion net increase in individual income tax revenues. Aides to supercommittee Democrats pushed back sharply.

Source: http://www.npr.org/2011/11/08/142152101/gop-weighs-tax-options-for-debt-supercommittee?ft=1&f=1014

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