Plouffe: Entitlement Cuts Would Depend on Tax Reform

Sunday, 31 Jul 2011 10:50 AM

By Hiram Reisner

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
President Barack Obama’s senior adviser David Plouffe said Sunday a lot of work remains before a debt-ceiling deal is finalized, but added if all goes as discussed, there could be as much as $4 million in savings by 2013, Politico reports.
 
“Well, now we’re going to do it in two stages, but ultimately we need the same outcome, which is we need significant deficit reduction — $3 trillion or $4 trillion over 10 years — really begin to reduce the deficit in the years after that, and it’s got to be done in a balanced way,” Plouffe said on ABC’s “This Week.”

Plouffe said any entitlement cuts in the second part of the deal would have to include tax reform.

“I think that what’s clear is that pretty much both parties agree that there's going to be a first stage of deficit reduction, over a trillion dollars, that there is going to be a process,” he said.
 

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
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
You May Also Like

EU Obesity: Being Fat Can Be a Disability, Rules Court of Justice

Friday, 19 Dec 2014 06:31 AM

Obesity can be a disability, according to a ruling by the European Court of Justice that could have consequences for emp . . .

American Kennel Club's New Breeds Include a Fishing Dog

Friday, 19 Dec 2014 06:17 AM

A Spanish fishing dog and a South African guard dog are among four more dog breeds recognized by the American Kennel Clu . . .

Sarah Silverman to Star in 30-Minute Pilot Ordered by HBO

Friday, 19 Dec 2014 05:59 AM

Sarah Silverman will star in a half-hour pilot ordered by HBO that returns the comedian to the network for the first tim . . .

Top Stories

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