Page 9 - Budget Window News Today

That, so were stuck with doing that for the ten-year budget window using this process. so we would like to move that tax cut up early, as early as we can. thats part of what were going to use the savings from repealing this $43 billion regressive tax on low income americans known as the individual mandate tax. >> neil: senator, do you think that whatever savings you get from this -- again, its a moving target. i understand that. that you would offer up even more favorable rates than the 1% cut t...

Frustration the first time the aca died because theres about a trillion dollars of tax cuts in this plan. >> again, this is money -- you can shuffle money around. what they were basically talking about was that if you didnt repeal the aca taxes now, then youd have to use some of the money you might want to use for other tax cuts to repeal the aca taxes or some of them anyway later. thats what theyre talking about. >> but when you look at the balance sheet of this bill and the cbo score of the fi...

Other 75% roughly is what people call entitlement spending. in may well address the ten-year budget window, tax flows and larger approximately policy changes and health care reforms. >> are you pledging a balanced budget in may? >> no, were trying to get it to balance within the ten-year budget window which is what the house and the senate would have in ten years. >> the goal is to have a balanced budget in ten years and you will add to the debt every single year for the next ten years. >> its v...

Neutral to the deficit last year isnt congress. >> keep in mind what a budget blueprint is and this is traditional for the first year of a new administration. obama did it, bush did it. what this is is a spending outline. all it is as you mentioned is the discretionary spending part of the budget. thats only 25% of what the government spends. the other 75% roughly is the mandatory, what some people call entitlement spending. in may well introduce the full budget to address the ten-year budget wi...

In may well address the ten-year budget window, tax flows and larger approximately see changes and health care reforms. >> are you pledging a balanced budget in may, no, were trying to get it to balance within the ten-year budget window which is what the house and the senate would have in ten years. >> the goal is to have a balanced budget in ten years and you will add to the debt every single year for the next ten years. >> its very difficult -- >> thats not what candidate trump said. candidate...

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Temporary spending that gets into the system. helps it out and gets out. it is this long-term permanent stuff. the bush tax cuts and wars, prescription drugs and stuff that goes on. the credit card. thats what is driving the deficit. >> theyre not -- they continue to change the language in the conversation. because were not talking about raising taxes. were talking about stopping the cut in taxes that the wealthy have and just going back it taxes as they were. thats not a tax hike. thats stoppin...

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