Tags: Economic- Crisis | supercommittee | bipartisan | deficit | reduction

Supercommittee Members Clashing

Friday, 09 Sep 2011 09:40 AM

By Newsmax Wires

Conflict already has arisen among members of the bipartisan supercommittee charged with suggesting $1.5 trillion in deficit reduction over the next 10 years, and it’s not just partisan.

Some Republicans and Democrats said at the panel’s initial meeting Thursday that it should address the issues of entitlement and tax reforms, exceeding the $1.5 trillion target, but others disagree, The Hill reports.

Those arguing for a larger vision include co-chairman Rep. Jeb Hensarling, R-Texas. Several Democrats want to revisit the idea of a “grand bargain” that would include both tax increases and entitlement reform.

President Barack Obama and House Speaker John Boehner were working on an agreement along those lines before talks collapsed in July.

But other panel members from both parties have much more limited horizons. Co-chairman Sen. Patty Murray, D-Wash., didn’t include the grand bargain idea in her remarks.



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