Representative John Spratt (D-SC) highlights for the House Budget Committee the shortcomings of the administration in two areas: Social Security and renewal of tax cuts.
Spratt addresses two concerns he sees with the Administration’s spending policy. With regards to a social security privatization plan, $4 trillion will be added to the deficit over a 20 year period of time. In regard to the renewal of all the tax cuts, the Administration’s reconstructive budget "calls into question those assumptions."
August 15, 2005
Leave a Reply
Categories
Related
- Senate Budget Committee Critiques President’s Budget Proposal
- Senator Kent Conrad, (D-ND) the Senate Budget Committee Chairman and Rep. John Spratt, (D-SC) the House Budget Committee Chairman discuss the deficiencies of President Bush’s Fiscal Year 2009 budget
- Representative John Spratt (D-SC) reveals to the House Budget Committee that they don’t have a plan in place for deficit management.
- Robert Pozen says that completely eliminating the Social Security deficit is not politically feasible.
- Robert Greenstein on cuts in low income programs