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“In concrete terms, the difference between the House and Senate budgets is about $90 billion. Believe it or not, that’s just about what published reports say the Treasury loses every year, alone, from these offshore tax havens,” Sen. Bill Nelson, D-Fla., said. “Just these few examples could save more than enough to resolve the differences in the House and Senate budget plans, at least in the first year.”
Most of the real work won’t be done in public conference meetings, which is a good thing since the panel will not reconvene until Nov. 13, Ryan announced Wednesday morning. That’s because the House and Senate are once again operating on different schedules, with the House expected to take a recess next week.
“I hope we will hold a number of open sessions to discuss proposals in considerable detail so that we really understand how they would affect ordinary people and American prosperity,” said House Appropriations ranking member Nita M. Lowey, D-N.Y.