75 Percent of Obama's Proposed Tax Hikes to Go Toward New Spending

Seventy-five percent of the new revenue pulled in by President Barack Obama's "fiscal cliff" plan would go toward new spending, not toward deficit reduction, the Republican side of the Senate Budget Committee contends. Here's a chart, detailing how money from the new tax hikes would be distributed:

http://www.weeklystandard.com/blogs...-tax-hikes-go-toward-new-spending_666067.html

 

It is true that Obama wants another stimulus program on the order of $250 billion. Where is the plan for this additional $1.2 trillion in spending detailed by the Obama administration? Got a link?

 

Did you read the op?

 

Of course. Article says that the pie graph is "a chart detailing how money from the new tax hikes would be distributed." Really now...

A Rep. senator contends that "Obama's plan" will spend $1.1 trillion of the $1.6 trillion he wants to raise in new revenues. What are the details of Obama's new spending plan?

 

Read the sentence at the bottom of the graphic

 

There is no budget proposal for 2013. Therefore I do not see how anyone can contend that Obama has a plan for spending this money. BTW, nice detail on that pie chart.

 

Ok well everyone else is wrong and the senate Republicans should have just consulted with you before making any claims. Sheesh what were they thinking?

 

Let's see Obama's new spending plan that has a fresh $1.2 Trillion in spending in it. Oh wait, let's just take the word of a partisan Republican instead. This claim sounds a lot like Obama's claim during the campaign that Romney's economic plan would create $5 trillion in new deficits.

 

The Weekly Standard?

I just have to wonder where some people around here get this stuff. Do they just think they can post something on a nice looking web page and people will believe it?

 

That percentage will climb once the tax increase goes into effect and tax revenues fail to reach what the greedy Obama expects. Revenue may even go down.