Tags: Economic- Crisis | Obama | Plouffe | debt | ceiling | deal

Plouffe: Entitlement Cuts Would Depend on Tax Reform

Sunday, 31 Jul 2011 10:51 AM

By Hiram Reisner

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.
 

© 2015 Newsmax. All rights reserved.

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
You May Also Like

Glassdoor: 25 Best Jobs in America for 2015 Topped by Tech, Healthcare

Wednesday, 28 Jan 2015 20:19 PM

Glassdoor has released its inaugural report 25 Best Jobs in America for 2015, and jobs in technology, healthcare, and pr . . .

Ludacris Custody Battle: Rapper Wins Full Custody of 13-Month-Old Cai

Wednesday, 28 Jan 2015 19:37 PM

In a custody battle for his daughter, rapper and actor Ludacris, whose real name is Chris Bridges, has been granted full . . .

Easter Island Mystery Solved? Research Suggests Cause of Demise

Wednesday, 28 Jan 2015 19:13 PM

New research is shedding light on the Easter Island mystery concerning what caused the downfall of the natives of the is . . .

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