Democrats and Republicans on a special deficit-cutting panel remain far apart despite new flexibility from Republicans on tax revenue increases.
Republicans offered a combination of new revenues and spending cuts that would cut the deficit by about $1.5 trillion over the coming decade. Even as they refused to acknowledge the specifics of the GOP offer, Democrats were quick to dismiss it.
“I have yet to see a real, credible plan that raises revenue in a significant way to bring us to a fair, balanced proposal,” said Sen. Patty Murray, D-Wash., the co-chair of the 12-member supercommittee. The GOP offer, however, puts the onus on Democrats to come up with a counter-proposal.Continue reading on www.foxnews.com