Commission’s Deficit Plan Includes Sharp Cuts in Military Spending, Higher Retirement Age, Costly Tax Changes

by news on December 1, 2010

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Commission’s Deficit Plan Includes Sharp Cuts in Military Spending, Higher Retirement Age, Costly Tax Changes

Lori Montgomery/Washington Post – The final report that will be released by President Obama’s fiscal commission Wednesday morning is full of political dynamite, including sharp cuts in military spending, a higher retirement age and tax reforms that would cost the average taxpayer an extra $1,700 a year.

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