U.S. Sen. Charles Schumer, D-N.Y. gestures during a news conference on Capitol Hill in Washington. Republican leaders say the government can raise tax "revenue" without raising tax "rates." But how? If Congress reduces itemized deductions, many Americans will still pay more taxes. This politically tricky tradeoff is about to take center stage in negotiations over averting a national "fiscal cliff."
Photo by Associated Press /Chattanooga Times Free Press .
published Monday, November 12th, 2012
Stories this photo appears in:
WASHINGTON — Republican leaders say the government can raise tax “revenues” without raising tax “rates.” But they have yet to detail how they would pursue it.