LIHTC Support Among Deficit Reduction 'Super Committee' Members

The legislation signed by the President on Aug. 2 calls for a two-step increase in the federal debt ceiling plus spending cuts of about $917 billion. It also created the Joint Select Committee on Deficit Reduction, which has the goal of slashing an additional $1.5 trillion from the deficit over the coming decade. According to the plan, the committee consists of an evenly split, 12-member bipartisan “Super Committee.”