Proposal would reduce federal deficit with tax, Medicare reforms
Originally published on shfwire.com for the Scripps Howard Foundation Wire.
Pete Domenici, a former Republican senator from New Mexico, and Alice Rivlin, a former budget director under the Clinton administration, speak to the Senate about reforming Medicare and taxes. They proposed a bipartisan solution to the federal deficit. Photo by Emily Siner
WASHINGTON – The key to reducing the federal deficit lies in reducing Medicare spending and restructuring taxes to raise revenue, two budget experts told the Senate Committee on Finance on Monday.
Pete Domenici, a former Republican senator from New Mexico, and Alice Rivlin, a former budget director under the Clinton administration, proposed a bipartisan solution to the country’s deficit that Sen. Max Baucus, D-Mo., the committee chair, called “politically challenging.”Read More »Proposal would reduce federal deficit with tax, Medicare reforms