Since 2011, Three-Quarters Of Deficit Reduction Has Been Via Spending Cuts

Since 2011, Three-Quarters Of Deficit Reduction Has Been Via Spending Cuts: Since passage of the deal to avert the so-called “fiscal cliff,” Congressional Republicans have attempted to portray it as the “last word” on taxes going forward. “The tax issue is behind us,” said Senate Minority Leader Mitch McConnell (R-KY). Democrats, meanwhile, have said that any forthcoming budget deal should be composed of equal parts revenue [...]/p