Tags: Economic- Crisis | GOP | Democrats | Budget | Obama | Kent | Conrad

GOP, Democrats Mull Budget Compromise

By Dan Weil   |   Wednesday, 09 Feb 2011 01:58 PM

Who says Democrats and Republicans can’t work together in Congress? The two sides have embarked on a path that could lead to agreement over steps to slash the budget deficit based on the suggestions of President Barack Obama’s fiscal policy commission, The Hill reports.
 
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Kent Conrad
Democratic North Dakota Sen. Kent Conrad, chairman of the Budget Committee, will make the case for the commission’s recommendations at a Senate Democratic Retreat Wednesday.
 
Conrad maintains that both parties should use the commission’s proposals as a departure point.
 
Some Senate Republicans also have showed receptiveness to the commission’s report.
 
Tennessee Sen. Lamar Alexander, the Senate’s third-ranking Republican, says he too favors the idea of coming up with a bipartisan plan based on the commission’s ideas.
 
Those ideas include cutbacks in entitlements, defense spending, and tax subsidies for homeowners and businesses.
 
 
 
 
 
 

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