Debt ceiling talks turn to taxes - higher taxes!

Townhall.com Staff
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Posted: Jun 28, 2011 9:31 AM
Debt ceiling talks turn to taxes - higher taxes!

NEW YORK (CNNMoney) -- Any deal to raise the debt ceiling will have to include steep cuts to federal spending. But might it also include tax hikes?

Not if Republicans have anything to say about it. GOP negotiators pulled the plug on talks late last week after Democrats proposed closing loopholes in the tax code and eliminating subsidies.