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WAPO: Tax, Spending Cuts Packaged (courtesy of BuzzFlash)

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BigBearJohn Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-09-05 06:47 PM
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WAPO: Tax, Spending Cuts Packaged (courtesy of BuzzFlash)
http://www.washingtonpost.com/ac2/wp-dyn/A18244-2005Mar8?language=printer

The House and Senate Budget committees will unveil fiscal blueprints today that pave the way for additional tax reductions while seeking billions in spending cuts that target Medicaid, farm assistance, major weapons systems and just about every other domestic program.

Offsetting tax breaks mostly for the affluent with spending cuts that could hurt the poor could be politically risky, particularly in the Senate, where moderate Republicans have already warned that the juxtaposition may be untenable.

Last year, Congress failed to produce a budget over a similar tax fight. Four Republican senators -- Olympia J. Snowe and Susan Collins of Maine, John McCain (Ariz.), and Lincoln D. Chafee (R.I.) -- joined Democrats to insist that further tax breaks be paid for through revenue increases or spending cuts. House Republicans and the White House refused to go along.

Collins said this week that including tax cuts in the budget for the fiscal year that begins Oct. 1 could prove to be an even tougher sell, "given all the sacrifices that we're asking of some very important programs." Snowe said her position on the budget and tax cuts is unchanged from last year.
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