Deficit Commission Proposes $4 Trillion in Cuts

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Lawmakers are staking out their positions over recent recommendations to trim the federal deficit, including a combination of tax hikes and spending cuts.

Some of the cuts would affect defense, social security, and the federal workforce, which could be trimmed by 10 percent.

President Obama's bipartisan Deficit Commission also wants to raise the federal gas tax by 15 cents a gallon, and they want to get rid of tax deductions for home mortgages and charitable giving.

Liberals on Capitol Hill don't like the idea of spending cuts and many Republicans aren't happy about raising taxes.

Can Congress come up with a workable bipartisan plan to cut the deficit? CBN News spoke with Phil Kerpen, director of policy for Americans for Prosperity, about this.  Click play for his comments.

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