Sessions Says Republicans Open to Tax-Entitlements Trade
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The incoming House Rules Committee chairman says congressional Republicans would be willing to accept an increase in tax rates for top earners if Democrats make significant reductions in entitlement programs such as Social Security and Medicare.
“If it’s a good deal, yes,” Representative Pete Sessions of Texas said on Bloomberg Television’s “Political Capital With Al Hunt,” when asked whether he’d accept a trade-off involving tax rates. “If it does something long term that betters the circumstances.”