Thursday, October 27, 2011

GOP nixes Demo plan to cut budget $3 trillion

"This was a good-faith effort to put something on the table to see what kind of response we would get." - a Democrat “familiar” with Super Committee talks on debt reduction

Washington - Republican operatives labeled less than serious an offer to cut the federal budget by $3 trillion.

The plan included $1.3 trillion in new taxes.

"I don't think it was seen as a serious offer," a GOP aide familiar with the private discussion within the Joint Select Committee on Deficit Reduction, also known as the supercommittee, told the Los Angeles Times.

"You have to wonder if this is about positioning instead of about moving to resolution," committee member Rep. Dave Camp, R-Mich., told The Washington Post.

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