Page 17 - Deficit Plan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We're talking about here in all these plans is deficit reduction. i have never seen a deficit reduction plan introduced during a so called deficit crisis, and we've had them in the past, where that plan has a 70-year plan. a 70-plan to get the budget into balance. and not even begin to get to the national debt until at least 75 years from now. these plans tend to be written over 10-year windows. sometimes a little longer than that. i just can't fathom why there would be any difficulty in completely embarrassing the republicans in the house for introducing a deficit plan, a deficit reduction pl...

$1 in tax hiex. focused on the top brackets. >> we cannot afford $1 trillion worth of tax cuts. we can't afford it. and i refuse to renew them again. >> reporter: republicans said no way. >> raising taxes is not what we need right now two days before tax day especially while we're trying to get job creators back into the game here. >> reporter: the gop deficit plan would turn medicare over to the states. >> i won't allow it to become a voucher program. >> reporter: what would the president cut by 2023, defense spending $400 billion, rethinking the u.s. role overseas, energy, infrastructure spe...

They don't want to raise taxes on their voters. is john boehner ceding credibility when he says raising taxes is a nonstarter for any deficit plan when most people think you have to do it? >> the president ran on a tax cut for 95% of americans. there isn't a politician out there who says we want to raise taxes. the budgetary math is simple. in the end, you've got to take on spending and no congress ever has. so i think before we have this tax discussion, before we do something everyone knows how to do, do something no one's ever done before and is the problem. >> bill, though, he says don't do...

Have done -- i think they have been harmed on this question of planned parenthood and the abortion having that so central to the debate. but at the same time, i do hope you will also agree that if it comes down to who is more disciplined about spending, and trying to control the budget, that the republican party, which lost its way during the bush years on spending, i think has now reclaimed some of the mantle of being sort of, you know, trying to fight for spending discipline. and i think on that issue they have come out ahead of the democrats on this fight. >> you know, david, i agree with y...

Look, we're pointing out all of the reasons why this is a reckless approach in contrast to the responsible course the president set out which involves tough love. it involves tough cuts as part of an overall deficit plan. but we've been saying, why would you cut investments in head start, in education, when you've got oil companies getting big taxpayer subsidies? that makes no sense. so, yes, we hope wiser heads will prevail in the senate and we'll have to figure out how this works out in the longer run. >> speaking of the senate, thanks so much, congressman van hollen. up next here, senator...