Aides Say Supercommittee Unlikely to Reach Grand Bargain

Monday, 03 Oct 2011 11:27 AM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  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.

Share:
  Comment  |
   Contact Us  |
  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.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Tapeworm in Brain of Man for 4 Years Removed by Surgeons

Saturday, 22 Nov 2014 17:33 PM

A tapeworm that not only lived in a man's brain for four years but traveled from one side of the brain to the other has  . . .

Window Washer's 11-Story Fall Ends Atop Car - He Survived!

Saturday, 22 Nov 2014 17:14 PM

A window washer survived with critical injuries after falling 11 stories from the roof of a San Francisco bank building  . . .

Georgia O'Keefe $44 Million Painting Most for Woman Artist

Saturday, 22 Nov 2014 16:49 PM

A new world auction record for women artists was set when a painting by late American artist Georgia O'Keeffe sold for m . . .

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