House Republicans to offer $2.2 trln in spending cuts over 10-years in cliff talks: Reuters

According to Congressional aides.

  • Call for $800 bln in fresh tax revenue via tax reform but oppose marginal rate hikes
  • Proposes $600 bln in savings in health care
  • Proposes $200 bln in savings from revising inflation indexing for federal employee retirement benefits

Details here.

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