President Obama's "Debt Commission" voted today on their plan to reduce the federal deficit by $4 trillion over the next 10 years. The plan was approved by a vote of 11-7, but 14 "yes" votes were needed in order for the proposal to be put before Congress. Despite that, many analysts think that parts of the proposal will be brought before Congress as part of other budget proposals.
You can read more about today's vote here, and previous Dinesen Tax Times coverage here.
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