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ffr

(22,672 posts)
Wed Jan 30, 2019, 01:44 PM Jan 2019

Democrats seek to cut U.S. budget deficits in half

The chairman of the U.S. House of Representatives Budget Committee on Tuesday said he and other senior Democrats aim to write a fiscal blueprint this year that would cut annual budget deficits by 50 percent in the next 10 years, possibly including tax hikes on corporations and the wealthy.
<snip>

Annual federal budget deficits are hurtling toward $1 trillion and Yarmuth said it is “not going to be easy to cut them by half a trillion dollars” by around 2029, especially given looming economic cross-currents and a Republican-controlled Senate hostile to tax increases.

“We have so many threats to the economy going on with trade wars and a slowdown in other (nations’) economies,” said Yarmuth, who took control of the Budget Committee early this month with the new Democratic majority in that chamber.

“The odds of there being a significant slowdown if not a recession are pretty substantial,” Yarmuth said. - PoliticusUSA

Cleaning up after the conservative libertarians.
The recurring theme.
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Democrats seek to cut U.S. budget deficits in half (Original Post) ffr Jan 2019 OP
"possibly including tax hikes on corporations and the wealthy" Possibly? PSPS Jan 2019 #1
That jumped out at me too. What is left to cut the US deficit if that's just a possibility, Autumn Jan 2019 #2
This message was self-deleted by its author aidbo Jan 2019 #3

Autumn

(45,120 posts)
2. That jumped out at me too. What is left to cut the US deficit if that's just a possibility,
Wed Jan 30, 2019, 01:54 PM
Jan 2019

entitlements?

Response to ffr (Original post)

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