We do all know this is a proposal correct?
At first Obama suggested around 800 billion in new revenue from taxes. The republicans seemed willing to talk at that level. So when they met Obama kicked it up to 1.6 trillion and the republicans, as expected, balked. Now it is up to the republicans to make a counter offer. In theory both sites will counter and eventually we will find a happy medium. At this point, as far as I know, there has been no republican offer so we wait.
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