View Photo Gallery — Republican members of the supercommittee worked with House Speaker John A. Boehner ) to develop with a smaller “Plan B” that would stop far short of the panel’s goal of $1.2 trillion in deficit reduction
Having concluded that agreement looks increasingly unlikely on a far-reaching plan to raise taxes and restrain social spending, Republican members of the supercommittee worked with House Speaker John A. Boehner (R-Ohio) to develop a smaller “Plan B” that would stop far short of the panel’s goal of $1.2 trillion in deficit reduction over the next decade.
Republican leadership aides said Democrats immediately rejected it.
“Now, our [supercommittee] Members continue to talk among themselves and with their Democratic colleagues about ways to reach the committee’s goal, and whether Democrats will agree to ANY spending cuts without job-killing tax hikes,” a GOP leadership aide said in an e-mail, speaking on condition of anonymity to discuss private negotiations.
Democratic aides said the proposal would have reduced sharp cuts to defense that are scheduled to take effect in 2013 if the supercommittee fails and replaced them with cuts that would affect the middle class.
As he left the Capitol Friday afternoon, Reid merely smiled when asked about the Republican offer.
“I’m going to be available to talk, if they’re willing to put forward something reasonable. If they’re not willing to put forward anything reasonable, there’s no point in talking,” he said.
- Debt Supercommittee Members Dig In With Deadline a Week Away (businessweek.com)
- Debt Panel Members Harden Stance (businessweek.com)