Sunday, May 19, 2013

Latest local news, weather and high school sports for Northern Michigan

Dems say GOP exempting $1 trillion from deficit
Posted: 01.06.2011 at 7:02 AM
0

DAVID ESPO, AP Special Correspondent

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.


Copyright 2011 The Associated Press.

Popular Stories
Thumbnail
Woman pinned underneath car after rollover accident
Today at 11:05 AM  |  7 comments
Thumbnail
Man crashes car into ditch then breaks into nearby house
Kate Fox  |  Yesterday at 5:54 PM  |  2 comments
Thumbnail
Get your outdoor activities in Sunday
Christina Burkhart  |  Today at 11:00 AM
Follow Up North Live
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
ADVERTISEMENT