Plouffe: Entitlement Cuts Would Depend on Tax Reform

Sunday, 31 Jul 2011 10:51 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
[Error loading the WebPart '']
Value cannot be null. Parameter name: virtualPath
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

Passenger Kicked Off: 'Merry Christmas' Wish Irritates Flier

Friday, 26 Dec 2014 15:07 PM

An American Airlines passenger was kicked off a flight from New York to Dallas Tuesday after he threw a fit when several . . .

Jack Daniels Names Son Jim Beam: La. Man Keeps Up Liquor Tradition

Friday, 26 Dec 2014 14:00 PM

A man named after whiskey, Jack Daniels, has named his son Jim Beam, a Kentucky bourbon. . . .

Jayden Morrison Found Dead: Missing Autistic Boy, 4, Found in SC Pond

Friday, 26 Dec 2014 13:43 PM

Four-year-old autistic boy Jayden Morrison was found dead in a pond after going missing in South Carolina on Christmas E . . .

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