Aides Say Supercommittee Unlikely to Reach Grand Bargain

Monday, 03 Oct 2011 11:27 AM

By Dan Weil

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
The bipartisan supercommittee charged with recommending $1.25 trillion in budget cuts is unlikely to reach the grand bargain that some in Washington seek, sources close to the process tell Politico.
 
Top aides to Senate Minority Leader Mitch McConnell and his chief deputy, Jon Kyl — who sits on the deficit panel — said Democratic insistence on tax hikes dooms the committee’s chances for going big.
 
Republicans say some “fees” can be instituted to raise revenue, an idea considered during the failed deficit-reduction negotiations led by Vice President Joe Biden earlier in the year.
 
But the only way a grand bargain could gain GOP approval is if it was linked to a restructuring of Social Security or House Budget Committee Chairman Paul Ryan’s proposal to make Medicare a voucher-based system, the Republican aides say.
 
The aides say they do not believe such a plan would make it through Congress.

© 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

Army Blimps to Deploy Over Baltimore for Radar Surveillance: Report

Friday, 19 Dec 2014 09:10 AM

Army blimps the size of football fields will soon be deployed in northeast Baltimore for three years, using radar to det . . .

Save Bella: Dog to Be Put Down, Buried With Owner Unless ...

Friday, 19 Dec 2014 08:50 AM

A social media hashtag campaign #SaveBella has been started to spare a dog from being euthanized and buried with its own . . .

Game-Worn Michael Jordan Shoes Go for $33K at Auction

Friday, 19 Dec 2014 08:09 AM

Game-worn Michael Jordan shoes from his college career in North Carolina sold for $33K on Thursday. . . .

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