A Republican on the Senate Budget Committee says that tax cut advocates on the panel are pressing for cuts that could add $1.5 trillion or more to the deficit over the coming decade.
A Republican on the Senate Budget Committee says that tax cut advocates on the panel are pressing for cuts that could add $1.5 trillion or more to the deficit over the coming decade.
Wisconsin Sen. Ron Johnson said he’s backing « as aggressive pro-growth tax reform as we can get. » He says a 10-year, $1.5 trillion tax cut « ought to be a minimum. »
Republicans on the panel are grappling over how much the ongoing tax cut push will add to the nation’s $20 trillion-plus debt.
More deficit-conscious panel members, such as Sen. Bob Corker of Tennessee, are pushing back. Corker on Monday opposed an overwhelmingly popular defense measure that would smash the budget, saying « the inability to get our fiscal house in order is the greatest threat to our country. »
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