Senate Panel Drops Spending CutsWednesday March 8, 2006 9:16 AM
By ANDREW TAYLOR
Associated Press Writer
WASHINGTON (AP) - With many Republicans nervous about cutting popular programs in an election year,
a key Senate panel is prepared to drop President Bush's proposals for politically painful cuts
to Medicare, farm subsidies and food stamps.
And without spending cuts, a new round of tax cuts is also a nonstarter, stripping Bush's budget
of two of its signature initiatives.
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Senate Budget Committee Chairman Judd Gregg, R-N.H., said Tuesday that after shepherding through
a five-year, $39 billion benefit cut bill last year, he didn't have the votes for a second round
of cuts to entitlement programs like Medicare.
Gregg is expected to reveal his budget blueprint Wednesday and said he hopes to bring it
to a committee vote Thursday, with floor debate possible next week.
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Full article:
http://www.guardian.co.uk/worldlatest/story/0,,-5670438,00.html