...still tore up the deal. Why? Because it included taxing the wealthy. It's absolutely ridiculous. Fox News/Republicans are always touting that taxing the wealthy wouldn't make a big dent in the deficit, which is true. However, just because it's a small dent, it doesn't mean that it shouldn't be included in the proposal. The tax hikes on the rich that Obama proposed would have reduced the deficit by 300 billion dollars. As small as that amount is toward reducing the deficit, isn't it a good compromise on the issue of taxes considering that the proposal totalled 4 trillion all together in cuts? Can the rich really not handle being slightly less rich than they could be for the sake of getting the country back on track? Now, all we have to show for it is 1.2 trillion in automatic cuts.