G.O.P. Talks of Limiting Tax Breaks

By ROBERT PEAR
NYT

WASHINGTON — Republican members of a Congressional panel seeking ways to cut the federal budget deficit indicated on Monday that they might allow some additional tax revenue as part of a deal with Democrats.

The Republicans met Monday to consider a proposal that would raise additional revenue by limiting some income tax deductions that primarily benefit higher-income households.

Republicans cited the proposal as evidence that they were open to ideas that would raise revenue and thus help reduce the federal budget deficit, which has exceeded $1.2 trillion in each of the last three years.

Democrats, however, said the proposal was unlikely to lead to an agreement.

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