Tags: Economic- Crisis | Paul Ryan | Budget Committee | gang of six | Erskine Bowles

Ryan Budget at Odds With Senate's 'Gang of Six'

By Dan Weil   |   Monday, 11 Apr 2011 02:55 PM

The House will almost certainly approve Budget Committee Chairman Paul Ryan’s 2012 budget resolution this week. And that budget may doom negotiations among the “Gang of Six” senators for a bipartisan budget compromise, The Hill reports.

Paul Ryan,Budget Committee,gang of six,Erskine Bowles
Paul Ryan
That’s because the Gang of Six, led by Sens. Mark Warner, D-Va., and Saxby Chambliss, R-Ga., is contemplating tax increases.

The Ryan budget proposal, of course, has no tax hikes. And it’s questionable whether Republicans in the House are willing to accept any tax increases to reach a budget agreement.

President Barack Obama’s debt commission, led by former White House Chief of Staff Erskine Bowles, a Democrat, and former Sen. Alan Simpson, R-Wyo., called for higher taxes to cut the deficit.

However, many Republicans on the commission, including Ryan, voted against the idea.

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