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The Hill | Democrats: Who’s up for another trillion in tax increases?





Democrats say they want to raise as much as $1 trillion in new revenues  through tax reform later this year to balance Republican demands to slash  mandatory spending.

Democratic leaders have had little time to craft a new position for their  party since passing a tax deal Tuesday that will raise $620 billion in revenue  over the next 10 years.

The emerging consensus, however, is that the next installment of deficit  reduction should reach $2 trillion and about half of it should come from higher  taxes.

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