WASHINGTON — Sen. Mark Warner, a leader of a group of senators trying to find a solution to the debt ceiling and deficit crisis, said today that it would be almost impossible to get tax increases in a long-term plan to cut the deficit because of the views of House Republicans.

The measures being proposed by House Speaker John Boehner and Senate Majority Leader Harry Reid both call for short-term deficit reductions to be achieved only through spending cuts.

However, both plans create a bipartisan committee of senators and representatives from both parties to make recommendations for other ways to cut the deficit.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.