Chambliss Outlines Deficit Reductions
Tuesday, April 12th, 2011
U.S. Sen.Saxby Chambliss, R-Ga., pitched a deficit reduction plan to Atlanta business leaders Monday that would cut federal income taxes in exchange for eliminating most tax breaks.
Chambliss and Democratic colleagueMark Warnerof Virginia, appearing before the Rotary Club of Atlanta, outlined bipartisan legislation based on the recommendations of a federal tax reform commission that issued its findings last December.
The plan they are developing with four other GOP and Democratic senators is aimed at lopping $4 trillion off of America’s $14 trillion debt by 2020.
