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House Republicans to Take Up Deficit Reduction - Again

RickV404 Wrote: May 06, 2012 1:31 PM
Rubbish. Americans have been paying higher taxes already, in the form of inflation. Too much money has been spent since 2003 for taxes not to have been raised in some fashion. Four dollar a gallon gas is the result of inflation, not a shortage of oil.
When Congress returns to session after a recess, House Republicans will take aim at deficit reduction - much to the chagrin of Democrats.

Republican leaders are planning to bring up a $260 billion measure to slash the budget gap and replace across-the-board spending cuts set to take effect in 2013.

The bill, known as a “reconciliation” proposal, is the product of six House committees and will be combined into one piece of legislation by the House Budget Committee. Democrats have already panned it as an extension of the House GOP proposal that “reflects the wrong priorities”...