On Monday President Obama outlined his new debt reduction plan. His plan wants to create $3 trillion of savings in order to peck away at the massive debt the country has. This plan will be added on top of the spending cuts. The plan includes a $1.5 trillion new revenue proposal, which is generated largely by higher taxes on the wealthiest Americans. Most Republicans do not agree with the president's plan and believe it to be unfair. This is yet again, another Obama plan which is being criticized by the GOP
source= MSNBC and The Washington Post
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