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Democrats and Republicans clash over balanced budget amendment
Republicans say Democrats use scare tactics to derail a constitutional balanced budget amendment while Democrats attack GOP transparency. A Treasury study estimates that a balanced budget would cut federal grants to states by 71.3 billion annually, with tax rises in states like Nevada and Louisiana. Critics say the study is flawed for lacking specifics on proposed cuts, as the amendment aims for a 2002 balanced budget under the Contract With America.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Nevada
Louisiana
Wes Cooley
R-Ove
Frank Mascara
D-Pa
America
Congress
Clinton
Martin Luther King
Christopher Cox
California
King
Cox