Talk about the audacity of Progressives. After getting a Supercommittee that is supposed to create budget changes in order to avoid deep across the board cuts, the opposite is going on. Democrats seek to get new stimulus spending, instead of budget cuts.
Democrats on the congressional supercommittee this week presented Republicans with a plan to cut the deficit that included billions of dollars in stimulus spending, aides told The Hill.
In a private meeting of the deficit panel Tuesday, Sen. Max Baucus (D-Mont.), chairman of the Senate Finance Committee, presented a proposal backed by a majority of Democrats on the panel that includes more than a trillion dollars in tax increases. The revenue would partially cover stimulus spending for the economy, aides said.
More than 50 percent of the deficit reduction in the plan would come from tax increases, one source said.
The plan from Democrats approaches the $3 trillion in deficit reduction that was included in the “grand bargain” that lawmakers debated over the summer.
The Republicans better resist this idea. The point of the committee was for fiscal discipline. It wasn’t to create redistribution of wealth.
Tags: Budget Supercommittee, stimulus
