Gregg (R-NH) Won't Rule Out Deferring Tax Cuts To Pay For Katrina

[JABBS]

Senate Budget Committee Chairman Judd Gregg (R-NH) refused to rule out a number of tax-related measures -- including deferring President Bush's desired $70 billion of additional tax cuts -- as a way to offset spending for Hurricane Katrina relief.

"We've got two sides to the ledger," Gregg said on Sept. 21. "I'm willing to look at a revenue solution ... as part of a package."

Unfortunately, when Gregg recommended a "balanced package" of spending cuts and tax cut rollbacks, "he was met with stony silence."

If Gregg can convince his colleagues on the right side of the aisle of the importance of some fiscal responsibility -- the key word being "some," given the possibility of a $500 billion-plus deficit in FY 2006 -- that would be "good news."

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This item first appeared at Journalists Against Bush's B.S.