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Senator Jon Kyl, an Arizona Republican, admitted that it’s too late for lawmakers to send new proposals to the Congressional Budget Office to be analyzed for their impact on the deficit.
Republicans are insisting on eliminating the Medicare guarantee while cutting taxes for millionaires and refusing to include a robust jobs plan.
The panel has been deadlocked over income-tax increases, with Republicans pushing to permanently extend President George W. Bush’s tax cuts, as well as to make cuts in politically sensitive entitlement programs such as Medicare.
http://www.businessweek.com/news/20...ercommittee-will-reach-deficit-agreement.html
Republicans are insisting on eliminating the Medicare guarantee while cutting taxes for millionaires and refusing to include a robust jobs plan.
The panel has been deadlocked over income-tax increases, with Republicans pushing to permanently extend President George W. Bush’s tax cuts, as well as to make cuts in politically sensitive entitlement programs such as Medicare.
http://www.businessweek.com/news/20...ercommittee-will-reach-deficit-agreement.html