Coburn Drops out of Group Seeking to Cut Deficit

Tuesday, 17 May 2011 05:47 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (AP) — A top Republican senator in the bipartisan "Gang of Six" seeking agreement on a plan to cut the deficit by $4 trillion over the next decade dropped out of the group on Tuesday, saying that his colleagues weren't willing to cut enough from benefit programs like Medicare.

Sen. Tom Coburn of Oklahoma said he doesn't see how the group can reach agreement and that he would stop participating in its discussions.

"It's got to be balanced," Coburn said. "And I didn't perceive where we were was balanced."

The closely watched group has been working for months on a sweeping plan to wrestle the deficit under control through a mix of new tax revenues and cuts across a wide swath of the federal budget. Supporters hoped for a bipartisan deficit-cutting plan that might gain momentum despite the partisanship consuming Capitol Hill.

One of the reasons the Gang of Six was noteworthy was that its GOP members — Coburn, Saxby Chambliss of Georgia and Mike Crapo of Idaho — were willing to agree to revenue increases of about $1 trillion over the coming decade as the price for getting Democrats to accept cuts to Medicare, Medicaid and Social Security.

But Senate leaders in both parties were always cool to the effort, and Republicans controlling the House have said all along that they would never consider tax increases.

Democratic Sen. Dick Durbin of Illinois, a member of the group, said the group will meet again on Wednesday. The other Democrats participating are Budget Committee Chairman Kent Conrad of North Dakota and Mark Warner of Virginia.

Coburn was a member of President Barack Obama's fiscal commission and voted for that panel's plan in December.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved