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Entries in Revenue Increases (2)

Thursday
Nov102011

Super Committee Stumbles Two Weeks Before Deadline

Despite an eventful week of trading offers within President Obama’s 12-member “supercommittee,” reported breakthroughs have since been downplayed, indicating that the bipartisan panel is stalling yet again with just two weeks before its Nov. 23 deadline. 

On Monday, Democrats proposed a plan that would cut $2.3 trillion from the nation’s deficit, including $1 trillion in hiked revenues. Republicans, for the first time, countered by reducing including revenues by lowering Democrats’ proposed figure to $300 billion.

Earlier in the week, Sen. Dick Durbin (D-Ill.) applauded the proposal put forth by Republican panel members, saying that this was a great starting point. 

“I assume that what we heard from Republicans is a breakthrough that can lead to an agreement, and that’s what we need,” Durbin told reporters Wednesday. 

However, not all Democrats share Durbin’s sentiment and argue that the “breakthrough” was not a genuine attempt to reach a deal. 

Sens. Patty Murray (D-Wash.) and John Kerry (D-Mass.), the remaining two Senate Democrats on the panel, say that the shift from Republicans only reflects minimal changes and do not “raise revenues in a significant way to bring us to a fair [and] balanced proposal.”

To make matters worse, Senate leadership continue to trade barbs over who’s to blame for the committee’s slowed progress. Senate Majority Leader Harry Reid (D-Nev.) continues to point his finger at Grover Norquist, saying Republicans fear potential repercussions of acting contrary to his anti-tax pledge. Meanwhile, Senate Minority Leader Mitch McConnell (R-Ky.) has criticized Democrats and the White House for stalling in order to give the President a chance to run opposite a “do-nothing” Congress. 

Up to this point, the 12-member panel has shown flexibility with the two sacred cows that have been major factors in creating an impasse within the committee; entitlement programs and taxes. Lawmakers have indicated that, despite recent concession from both parties regarding these key issues, there continues to be a large gap that has stalled movement towards a final deal. 

“Republicans have put revenues on the table. Democrats have put entitlements on the table,” Sen. Lamar Alexander (R-Tenn.) said, according to the Associate Press. “They both need to more of each on the table.”

Thursday
Nov032011

Boehner Downplays Norquist's Influence On GOP

House Speaker John Boehner (R-Ohio) said that the attitude surrounding the “super committee” and congressional leadership is “one of nervousness,” once again urging members of the 12-member panel to find common ground before a fast-approaching Thanksgiving deadline.

“I think the mood is one of nervousness,” Boehner told reporters during a Thursday press conference. “This is hard, and everybody knows it’s hard. I can’t tell you how much I appreciate the work of all the members of the committee and their effort to try and come to an agreement. “

A bipartisan group of lawmakers sent a letter Wednesday recommending that both entitlement cuts and new revenues be included in a grand bargain deal that would make a significant dent in the nation’s debt. The letter seemed to have instilled a sense of hope in Congress that a deal was not as improbable as many had thought.

However, anti-tax activist Grover Norquist offered his skepticism of 40 Republican signatures attached to the letter, saying “there’s nothing wrong with considering all options. Consider anything. Just don’t vote for a tax increase,” according to reports.

Norquist, who heads the group Americans for Tax Reform has collected signatures from nearly every Republican in Congress - including Boehner - pledging to oppose the inclusion of any tax increase in a potential “super committee” deal.

During his remarks, Boehner side-stepped questions regarding Norquist’s influence on the Republican conference. Boehner, who signed Norquist’s pledge opposing tax increases, referred to the anti-tax activist as “some random person” and shied away from acknowledging his clout among rank-and-file Republicans.

“Our focus here is on jobs. We’re getting everything we can to get our economy moving again and get people back to work. It’s not often I’m asked about some random person in America,” Boehner answered. “Our conference is opposed to tax hikes because we believe that tax hikes will hurt our economy and put Americans out of work.”