History Shows Tax Hikes Will Happen, But Spending Cuts Won't

On January 1, America faces the largest tax hike in history. At every turn throught the negotiation process, reporters salivate at the idea of a "grand bargain" where Republicans agree to raise revenue (taxes) on American families and employers. Missing from the conversation is that Democrats have not and will not offer an alternative plan to avoid the fiscal cliff that reins in entitlement spending.

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