Wednesday, March 14, 2012

U.S. revenue, spending cuts vex legislators from Illinois

WASHINGTON Illinois lawmakers, already faced with pendingfederal decisions that could cut state tax revenues, added proposalsfor spending cuts to their list of worries Tuesday.

A White House-backed plan to cut Medicare spending by $5.5billion in fiscal 1991 would force Illinois to cough up $276 millionin payments to providers of Medicare services, said Illinois HouseMinority Leader Lee A. Daniels (R-Elmhurst).

He said efforts to cut federal spending seem inevitable ascongressional and White House negotiators try to slice $50 billionfrom a projected federal budget deficit of $170 billion in fiscal1991.

Daniels and Illinois Senate President Philip J. Rock …

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