Partisan bickering drove a wedge into deficit reduction efforts by the so-called Congressional “super committee” Friday as next week’s Wednesday deadline looms.
“We in trouble,” a committee staff member told Capitol Hill Blue Friday night.
House Speaker John Boehner unveiled the new offer that he said could save $643 billion over the next decade but that only meets half the committee’s goal of $1.2 trillion.
Democrats disputed Boehner’s claim that the plan would generate $229 billion in new revenues, saying the only revenue producer is closure of a tax break for corporate jets that produces just $3 billion.
Democratic Senator John Kerry, a member of the committee, called the Boehner proposal a sham that protects the rich at the expense of ordinary Americans.
“To have something on the table that does not require the wealthiest people in this nation to share the burden is conscionable,” Kerry said.
Republicans, of course, blame Democrats for the deadlock.
“They (the Democrats) are not willing to make any common sense reductions in spending. All they want are tax increases,” said GOP Rep. Dave Camp.
The panel did not schedule any meetings over the weekend.
- As Deadline Nears, Deficit Panel Is Still at Deep Impasse – New York Times (nytimes.com)
- US Democrats reject latest deficit-cutting plan – Reuters (reuters.com)
- New deficit deal proving elusive as deadline nears (seattletimes.nwsource.com)