As President Obama pushed hard for a grand deal to reduce the federal deficit, he ignited a furor among congressional Democrats on Thursday by appearing to retreat from his insistence that spending cuts and revenue increases be included in the same package…
An early version of the plan would lock in cuts in spending and social programs, as Republicans want, but appeared to defer decisions on increasing tax revenues until 2012. Under the proposal, Congress would take up comprehensive tax reform next year. But Democrats want enforceable measures to ensure that Republicans follow through on increasing revenue.
Throughout the day, White House aides scrambled to tamp down a simmering Democratic revolt, insisting that Obama had not agreed to forgo an increase in revenues. But at least for a time, he was in danger of losing support among his own party, including in the Democratic-controlled Senate.
(Source: ryking)
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