Skip to main content

super congress members
Super Congress: Reps. Upton, Bacerra, Hensarling and Sens. Murray, Kyl, Baucus, Portman and Kerry
(Jonathan Ernst/Reuters)

In what AP is calling a "last-ditch" offer, which had to have been intended to be rejected just so Republicans could say Democrats aren't cooperating:
WASHINGTON (AP) -- A congressional official says Democrats on the deficit-cutting supercommittee have rejected a last-ditch offer from the Republicans that would curb deficits by $545 billion over the next decade. [...]

Democrats called it a "halfway" proposal and said it was unbalanced because it included just $3 billion in tax revenue.

That revenue comes from a tax increase focused on owners of corporate jets. Greg Sargent points out that this offer also would essentially eliminate the defense cuts that will trigger if the committee doesn't come up with a plan meeting the $1.2 trillion threshold, replacing them with "cuts that would affect the middle class."

And Brian Beutler adds that the ratio of spending cuts to revenue in this "offer" is 180:1. That's not a real offer from the Republicans. It's an insult and an excuse to say they've put revenues on the table.

1:32 PM PT: Now the Republicans are flatly denying this story. Sargent updates his post:

GOP aides are flatly denying the above version of events. They say they offered Dems $229 billion in new fees and revenues — though no details are yet available, that’s obviously far more than the $3 billion claimed by Dem aides. The GOP offer would also include $316 billion in cuts, $100 billion of which would come from defense cuts, the GOP aides say.

Also: $98 billion in interest. Total savings: $643 billion.

What’s more, GOP aides flatly deny the Dem claims about the trigger. Rather, they say the deal would reduce the overall $1.2 trillion in triggered by the above amount of savings ($643 billion). That would mean a total of over $500 billion in triggered cuts. GOP aides say those cuts would be divided evenly between defense and non-defense cuts, in keeping with how the trigger was originally designed.

Regardless of what this tells us about the actual truth of the offer, what's pretty clear is that this will do nothing to enhance feelings of collegiality on either side. Failure looks pretty much assured.

Originally posted to Joan McCarter on Fri Nov 18, 2011 at 12:57 PM PST.

Also republished by Daily Kos.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site