(CNSNews.com) - Both President Barack Obama and Republican presidential candidate Mitt Romney have recently said they would like to balance the federal budget. However, according to data published by Obama’s own White House Office of Management and Budget, accomplishing that goal at anywhere near the current level of federal spending would require imposing and sustaining a record level of federal taxation as a percentage of GDP.
Balancing Budget at Current Spending Would Take Record High Taxation | CNSNews.com
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