Bipartisan budget agreement expected to pass

PLC1

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The federal government has been working in secret on a bipartisan budget agreement, which has now passed the House and is expected to pass the Senate with very little dissent.

Some highlights:

Cuts the top marginal rate to 30%
Taxes all income equally
Cuts 1 T 300 B annually in unnecessary government spending
Mandates a balanced budget by 2015

Read the rest here
 
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