Senator Baucus on Debt and Deficit Reduction
Senate Finance Committee Chairman Max Baucus (D-MT) called on Congress to extend the Bush-era tax cuts on incomes under $250,000 and avoid… read more
Senate Finance Committee Chairman Max Baucus (D-MT) called on Congress to extend the Bush-era tax cuts on incomes under $250,000 and avoid another damaging fight over the debt ceiling. He said the government needs new revenue immediately in order to deal with the long term deficits caused by rising health care costs and retiring baby boomers.
“Fixing the Debt: Reforming the Tax Code and Federal Health Spending” was a forum held at Grand Hyatt Washington by the Campaign to Fix the Debt, which was co-founded by Alan Simpson and Erskine Bowles, the former co-chairs of the National Commission on Fiscal Responsibility and Reform. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
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