Grand Bargain Taxes, Entitlements Cuts Await Deal Makers
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Some of the elements of a budgetary “grand bargain” will be on the table today. Merging them is the biggest political challenge in the U.S. Capitol.
Senator Patty Murray, a Washington Democrat, will unveil her party’s fiscal 2014 budget, a plan generating almost $1 trillion in new revenue while protecting Medicare and expanding Medicaid health coverage for more low-income Americans, said a Democrat familiar with the proposal. It comes a day after House Budget Committee Chairman Paul Ryan, a Wisconsin Republican, offered his blueprint for balancing the government’s books in 10 years by cutting $4.6 trillion.