Deficit Super Committee Dems: Taxes First

Discussion in 'Politics & Religion' started by pspr, Oct 1, 2011.

  1. pspr

    pspr

    I guess the committee of Republicans and Democrats will be going nowhere on the deficit issue either.

    The tough stance by Democratic members of the powerful 12-member congressional panel reflects the party's wariness that Republicans might try to sideline the issue of revenue increases in the negotiations.

    "They've raised the idea of doing taxes first," a Republican aide involved in the discussions said on Friday on condition of anonymity.

    The panel has the task of finding ways of cutting the deficit by at least $1.2 trillion over 10 years. If it fails to agree on a plan by November 23, automatic spending cuts will be triggered, beginning in 2013.


    http://www.reuters.com/article/2011/10/01/us-usa-debt-supercommittee-idUSTRE78T5QE20111001