Supercommittee Rashomon

According to the supercommittee’s Democrats, the Republicans just offered a deal that paired $542.7 billion in spending cuts with $3 billion in tax increases. So the ratio of spending cuts to tax increases is approximately 180:1, and 214:1 if you count interest savings.

According to the Republicans, they offered Democrats a deal that paired $229 billion in “fees, sales and taxes” with $316 billion in spending cuts and $98 billion in interest savings. The Democrats, they say, are counting “fees and sales” as spending cuts rather than tax increases.

Either way, Democrats rejected the deal.

Comments
Show Comments
Most Read

business

Success! Check your inbox for details.

See all newsletters