Supercommittee ‘Deadlocked’ Over New Tax Revenue

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In a turn of events that no one could have predicted, the members of the Congressional supercommittee have “deadlocked” over the issue of new tax revenues, CNN reports.

Democrats had offered a plan that included cuts to entitlement prorams, as well as an additional $1.2 to $1.3 trillion in new taxes, but Republicans balked.

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