On the recordDecember 25, 2012
The president promised us for every $1 of tax increases, he would put on the table $2.50 of spending decreases.
Source
transcripts.cnn.comDavid Gergen: “The president promised us for every $1 of tax increases, he would put on the table $2.50 of spending decreases.”
Editor's note · Context
Gergen references the president's commitment to balancing tax increases with significant spending cuts as part of the negotiations.
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