President Obama outlined a plan to reduce the government deficit through a mix of spending cuts and tax hikes. His plan will go up against another blueprint put forward last week by Republican Rep. Paul Ryan. Though they both seek $4 trillion in reductions, the plans differ dramatically.
Source: http://www.npr.org/2011/04/14/135392773/taxes-entitlements-sticking-points-in-deficit-debate?ft=1&f=1003
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