Wednesday, November 16, 2011

Deficit Supercommittee - #3419 - Republican Leaders Preparing Rank and File for Deal on New Tax Revenues - The Hill (2) The Supercommittee of Super Insanity - Redstate

This deal bears close monitoring, I have emailed Robert Hurt's office to determine his position, which I will post upon receipt, we did not send 87 conservatives to Washington for these concessions.

House Republican leaders began preparing their members on Tuesday to accept a potential deficit deal that includes new tax revenues. The GOP co-chairman of the deficit supercommittee, Rep. Jeb Hensarling (R-Texas), briefed the House Republican Conference on the details of multiple offers that GOP members of the panel have made to their Democratic counterparts.A week before the supercommittee’s Nov. 23 deadline, a deal has yet to be struck, but Tuesday’s meeting offered Hensarling his first chance to explain to his restive colleagues what Republicans have described as a major concession in negotiations with Democrats. Lawmakers emerged from the closed-door meeting saying Hensarling had made the case that offering some new revenue — $300 billion in at least one publicized offer — would be a good trade to secure a permanent extension of the George W. Bush-era tax rates. Speaker John Boehner (R-Ohio) told reporters after the briefing that the GOP had made “a fair offer,” referring to a proposal from supercommittee member Sen. Pat Toomey (R-Pa.) that would call for about $300 billion in new taxes in a total deficit-reduction package of $1.2 trillion.  Read more.......

The Supercommittee of Super Insanity - Redstate - As the tumultuous year of 2011 winds down, Congress will be facing a number of crucial budget deadlines. Aside for the supercommittee deadline to find $1.2 trillion in deficit reduction (over ten years), they must contend with the December 31 expiration of three provisions of the 2010 tax extenders deal; payroll tax cuts, unemployment benefits, and ethanol subsidies. Now the Washington Post is reporting that the supercomittee might attempt to extend unemployment benefits and payroll tax cuts as part of the final deal. The rubber is meeting the road, and conservatives need to mobilize rapidly.  By my count, the supercommittee’s final report gives us five issues to deal with; oppose the three extensions, fight tax hikes, and push for real spending cuts (cuts that will make 2013 spending levels below 2012 levels). Over the past year, the GOP has caved on virtually every budget battle. They are now slated to pass every one of Harry Reid’s appropriations bills – bills that allocate more funds for programs than requested by Obama; that jettison all Republican policy provisions; that expand the role of Freddie/Fannie. Is there a single issue where GOP leaders will hold the line and coalesce around a coherent conservative policy?  Read more........

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