Archive

Dems and GOP Swap Deficit Plans

SUPER COMMITTEE

Standoff remains as deadline nears.

cheats/2011/10/27/dems-and-gop-swap-deficit-plans/deficit-committee-republican-democrats-swap-plans-cheat_tfeip1
J. Scott Applewhite / AP Photo

With their Thanksgiving deadline approaching, Republicans and Democrats on the deficit super committee exchanged plans—and the two sides remain far apart. Democrats proposed a plan to cut the deficit by $3 trillion—far more than the $1.2 trillion required—through a mix of tax increases and cuts, including to Medicare and Medicaid. Republicans, however, appear to be sticking to their anti-tax pledge. Their plan cuts the deficit by $2.2 trillion, mostly through cuts and increased government fees for programs like Medicare.

Read it at Politico