White House dismisses Republican "fiscal cliff" proposal
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Republicans in the Congress of the United States White House, including tax reform and spending cuts on Monday rejected the recommendations of the "financial cliff", saying it does not comply with the commitment of U.S. President Barack Obama to increase taxes on the richest Americans.
Republican letter released today does not meet the balance test. Fact, it is actually a commitment to a low interest rate affluent middle class and stick with the Act, the White House communications director Dan Pfeiffer said in a statement, referring to the in the letter, the recommendations proposed by House Speaker John Boehner and other Republicans.
"Their plan does not include any new and did not provide details on deducting, they will eliminate the loopholes, they will close or health insurance savings, they will seen like this plan, independent analysts concluded that the middle class taxes will have to go to pay a lower rate of millionaires and billionaires, "Pfeiffer said.
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