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ALG: President's plan won't fix the deficit

Chris Woodward   ( Thursday, November 29, 2012

As some Republicans in the House and Senate lean towards approving tax increases on the wealthy, one organization is looking to make sure that doesn't happen.

Wilson, Bill (ALG)Bill Wilson, president of Americans for Limited Government (ALG), tells OneNewsNow his organization is pushing an online petition demanding that Republicans stand firm on taxes.

"There is this huge negotiation back and forth in Congress and [with] Obama over the expiration of all Bush-era tax rates come January 1. Obama is insisting that upper-income people pay more -- up to 40 percent in federal taxes -- and that he's perfectly willing to raise taxes on everybody else unless he gets it," Wilson explains.

And several Capitol Hill Republicans -- including Senators Lindsay Graham (SC), Bob Corker (TN) and Saxby Chambliss (GA), as well as Representatives Peter King (NY) and Tom Cole (OK) -- are now starting to say, Let's give the president what he wants.

"It's suicide, absolute suicide to raise taxes on the single largest group of job creators in the country," the ALG president warns. "It doesn't do anything to fix the deficit."

Some Republicans are in favor of cutting the budgets of programs like Medicare and Medicaid in exchange for higher taxes on upper-income earners. Still, Wilson sees those as mere reductions in growth.

He adds that the online petition is additional material for the anti-tax pledge, not to mention for local districts.

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