Bush Debt Load Endorsed by Republicans Now Rejected: Taxes
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When Republicans and Democrats describe each other’s budgets, a person could be forgiven for thinking the plans are as far apart as possible.
Republicans say putting the budget into balance by 2023 is necessary to help get the economy on track, with spending reductions alone and not raising taxes. Democrats say the cuts would hurt growth and instead want to stabilize the deficit in proportion to the size of the economy.