The budget conference committee met for the first time on Wednesday, and its leaders immediately clashed over the old issue of taxes.
Senate Budget Committee Chairwoman Patty MurrayPatricia (Patty) Lynn MurrayBiden signs four bills aimed at helping veterans On The Money — Biden sticks with Powell despite pressure Senators call for Smithsonian Latino, women's museums to be built on National Mall MORE (D-Wash.) said Republicans must agree to close “tax loopholes” as part of any deal to replace automatic spending cuts known as the sequester.
House Budget Committee Chairman Paul RyanPaul Davis RyanNo time for the timid: The dual threats of progressives and Trump Juan Williams: Pelosi shows her power Cheney takes shot at Trump: 'I like Republican presidents who win re-election' MORE (R-Wis.) responded, “if this conference becomes an argument about taxes, we’re not going to get anywhere.”
The clash between Ryan and Murray, and the lack of urgency suggested by the decision to not meet until after a congressional recess, could justify outside expectations that the conference committee members are unlikely to reach a deal on their own.
Murray insisted she’s willing to agree to some “tough spending cuts” that, unlike the sequester, which would end in 2022, would be “permanently locked into law.”
But she said a compromise would have to run both ways, meaning Republicans would have to give ground on higher taxes.