Economic Forecasts And the Roles of Deficit Reduction And Productivity Hearing
Economic Forecasts And the Roles of Deficit Reduction And Productivity Hearing
United States Congress House Committee On the B
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Could you tell me what those new assign- ments are for the various committees? Chairman Kasich. Let me say to the gentleman, that as we said, earlier in the year, we are going to have spending cuts to pay for our tax relief program. And the situation has been that we have tried to get the right mix of entitlement and discretionary savings and we are going to have a meeting in here on Friday where we are going to run through with the committee precisely what our authority and re- sponsibilities,... although we will not have the details this Friday. (113) 114 But, when we lower the discretionary caps, of course, no one should be doubting that as the force of law. And in terms of how much we are lowering the discretionary caps, those are ongoing dis- cussions, of which I basically have been driving in terms of what level of discretionary would be appropriate, what level of entitle- ments, but listening also to our membership as to which savings they want to bring forward in this round. We are going to have two major rounds.
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