The top Senate Democrat is proposing tough anti-deficit rules to make it harder to run up the deficit with new tax cuts or expansions of federal benefit programs.
If approved, the plan by Majority Leader Harry Reid of Nevada would have an almost immediate impact on Congress' free-spending ways by requiring spending cuts or revenue increases to pay for new spending.
In the near term, Reid's "pay-as-you-go" plan would make it difficult to pass an extension next month of emergency unemployment benefits and health insurance subsidies for laid-off workers. It would also make it tougher to give states help with Medicaid budgets.
Under the …
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