Chris Van Hollen, the top U.S. House Democrat on budget issues, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that any deficit-cutting deal must be “balanced” to include higher tax revenue as well as spending reductions.
Representative Chris Van Hollen , a Maryland Democrat who becomes the top Democrat on the House Budget Committee in January, said in an interview on “Political Capital with Al Hunt ” airing this weekend on Bloomberg Television that his party will Republican budget-cutting plans if programs such as education and health research are targeted.
Chris Van Hollen, the top Democrat on the House Budget Committee, said Congress should eliminate a tax break for private-equity and hedge-fund executives to pay for extending a payroll tax cut for workers.
Senate Majority Leader Harry Reid predicts the Senate next week will confirm Janet Yellen as chairman of the Federal Reserve and will clear a budget agreement unless Republicans intend to commit “political suicide.”
Representative Chris Van Hollen, the House Budget Committee’s top Democrat, predicted the proposal by President Barack Obama’s 2010 deficit panel will be the “framework” for averting the so-called fiscal cliff of spending cuts in January.