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Senate Budget Panel Stalls On 1986 Deficit Cuts
The Senate Budget Committee rejects both Reagan tax cut and Democratic tax hike plans and wages to shave about 50 billion from the 1986 deficit. Lawton Chiles warns of an impasse while Pete Domenici remains optimistic about finding a majority, as panel continues to study deeper cuts and potential future tax increases.
MENTIONED IN THIS ARTICLE
Washington
Senate Budget Committee
Reagan
Lawton Chiles
Florida
Chiles
Pete V. Domenici
R-N.m
Domenici
White House
Senate
Larry Speakes
Ernest Hollings
D-S.c