re: #395 Gus 802

“Mr. Volcker was speaking for himself and not the administration. The president has not proposed this idea nor is it under consideration,” a White House official said.

“The president has passed historic tax cuts for middle-class families and continues to push for more tax cuts. The president is not proposing to cut the deficit at the expense of middle-class families,” the official said…

That is great news if true. We will see next year. They are going to have to cut spending somewhere if they don’t raise taxes.