Politics & Government

November 29, 2012 7:24 PM

White House proposes $600 billion in unidentified tax hikes, $50 billion in new stimulus spending

The Obama administration Thursday offered to get the nation off the fiscal cliff with a package that includes $1.6 trillion in tax increases over 10 years, more controversial spending to stimulate the economy and a permanent solution to the fights over raising the nation’s debt ceiling.

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