GOP House Members Picking Apart "Gang" Plan

New York Post - WASHINGTON -- House Republicans are finding more than a few flaws with the "Gang of Six" deficit plan, but have not rejected it outright, The Wall Street Journal reported Wednesday. The latest evidence comes in an analysis by House Budget Committee Republicans produced on Tuesday night. According to the analysis, the Gang of Six plan "appears to include a $2 trillion revenue increase" relative to current tax rules. The Gang of Six plan says its tax increase is $1.2 trillion compared to a "plausible" baseline that assumes the Bush tax cuts for the middle class are extended permanently. But that baseline also assumes a revenue increase of $700 billion or so from the expiration of the Bush tax cuts for the wealthy -- hence the $2 trillion total that the House Republicans claim the plan produces. Read full story here: News New Mexico

GOP House Members Picking Apart "Gang" Plan