Conrad: Forgo PAYGO on Middle-Class Tax Cuts

Incoming Senate Budget chair Kent Conrad (D-ND) said today that the strictures of PAYGO would not block an extension of middle-class tax breaks such as the child tax credit, which make up about two-thirds of Bush's tax policies expiring in 2011. These extensions "are gonna sail through here even if they're not paid for," he said, adding that PAYGO rules, as currently contemplated, could be waived with a supermajority vote. Conrad also noted that PAYGO would most likely be adopted as a Senate rules change or as part of the budget resolution, because Bush will not sign it into law.
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