WKYT | Lexington, Kentucky | News

Dems say GOP exempting $1 trillion from deficit

WASHINGTON (AP) - Democrats are accusing House Republicans of exempting more than $1 trillion in proposed tax cuts and higher spending over the next 10 years from a promise to cut federal deficits.

The exemptions include a bill to repeal last year's health care legislation as well GOP-backed proposals extending tax cuts for upper income filers. That's according to a tally several Senate Democrats plan to present at a news conference Thursday.

House Republicans have made deficit reduction a cornerstone of their agenda for the next two years and have passed rules to that end. But the rules exempt a handful of specific bills for now.

The Congressional Budget Office says the health overhaul will reduce deficits by $143 billion over the next decade, suggesting its repeal would raise red ink that much.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 113002394 - wkyt.com/a?a=113002394
Gray Television, Inc.