The White House insists the next debt deal must have just as much tax revenue as spending cuts. President Obama hasn't specified exactly what he will demand in the next round of negotiations, but budget experts like Chuck Marr of the Center on Budget and Policy Priorities predict that "the most live option" would be a proposal that Obama had included in his original 2013 budget: limiting the tax write-offs for the wealthiest taxpayers, usually referred to as a "28 percent cap." But even it passed, it wouldn't be enough to revenue to meet the White House's likely target for tax savings.
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