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Democrats want fiscal talks to focus on revenue increases
November 14, 2012 / 6:41 PM / in 5 years

Democrats want fiscal talks to focus on revenue increases

WASHINGTON (Reuters) - President Barack Obama and Democrats in Congress want upcoming “fiscal cliff” negotiations to concentrate heavily on revenue increases and much less on further spending cuts, a Senate Democratic aide said on Wednesday.

The aide, who asked not to be identified, added that given Democratic wins in last week’s elections and the nearly $1 trillion in spending cuts already enacted into law, revenue increases must take center stage now.

The goal, the aide said, is for $3 trillion in new deficit-reductions over 10 years on top of the nearly $1 trillion already enacted.

Reporting By Richard Cowan; Editing by Sandra Maler

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