Sen. Conrad Calls for Equal Spending Cuts, Tax Hikes

Wednesday, 06 Jul 2011 12:17 PM

By Dan Weil

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
At least one Democrat is literally trying to split the difference between spending cuts and tax hikes to get the budget deficit under control. Senate Budget Chairman Kent Conrad of North Dakota planned to present a plan to his party leaders today that would deploy tax increases and spending reductions in equal measures to shrink the deficit, The Hill reports.

Conrad acknowledges that his proposal may not go over so well, even though some of his Democratic colleagues have expressed support for the idea.

“I’ve been around long enough to know it’s when you reduce it to writing that sometimes differences emerge,” he said. “I feel very good about it. It’s, to me, a very responsible, rational package.” Conrad said last week that the plan would narrow the deficit by more than $4 trillion over 10 years.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  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.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Rep. Mike Kelly Offers Obama 'Lump of Coal for Christmas'

Saturday, 20 Dec 2014 07:50 AM

All forms of energy in the United States should be developed to spur job creation and economic growth, Pennsylvania Repu . . .

Politico: Obama May Give Dems 80 Percent of 2016 Latino Vote

Friday, 19 Dec 2014 19:18 PM

President Barack Obama may be on track to helping deliver as much as 80 percent of Latino voters to the 2016 Democratic  . . .

Obama Appointee's Group Accused of Illegal Politicking

Friday, 19 Dec 2014 19:09 PM

A nonprofit group run by an Obama administration appointee may have supported Democratic mayoral candidates in Californi . . .

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