John Kerry blames the deficit on "tax cuts and entitlement spending not paid for with savings elsewhere." He has said that keeping the optional domestic spending on the same line as inflation, and paying for new proposals which will balance out savings, will make it possible to cut the deficit in half in his first term...
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Kerry also says he would bring back the traditional pay-as-you-go rules, but keep the right to raise taxes so as to offset spending increases if necessary, though Kerry has "vowed to put off spending increases or find offsetting cuts first." Kerry plans to try and decrease tax cuts for households earning more than $200,000, and use other tactics that he estimates will raise "nearly $900 billion, much of which will go toward funding health care and other initiatives...
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