In a rare flicker of bipartisanship, at least 100 House members, half Democrats and half Republicans, are going public next week with a letter urging Congress’s deficit “super committee” to aim for a big, grand bargain — taking nothing off the table.
The Joint Committee on Deficit Reduction has until Nov. 23 to produce a plan to reduce thefederal deficitby at least $1.2 trillion over 10 years. Amid concerns the panel may be sliding into gridlock, this bipartisan fiscal group aims to show that there is a critical mass of House members willing to take political risks to support a significant deficit-reduction plan.
For Republicans, that means an openness to tax hikes. For Democrats, it’s a willingness to consider cuts to entitlements such as Medicare, Medicaid, or Social Security.
The intervention of a strong, bipartisan group in the House could persuade House Speaker John Boehner, R-Ohio, to back the bill – support that would be crucial to its passage. Moreover, the letter could be timely.
Until recently, the 12-member deficit panel has maintained a tight embargo on leaks — typically a sign that closed-door negotiations are serious and trust is prevailing. But this week, bargaining positions began leaking, along with reports of tough, partisan pushback.
On Tuesday, aides apparently leaked a report that Sen. Max Baucus, D-Mont., who chairs the Senate Finance Committee, had proposed $3 trillion in deficit reduction, including at least $1 trillion in tax hikes — a nonstarter for Republicans. Republicans reportedly responded with calls for more of the burden of debt reduction to come from entitlement cuts, a nonstarter for Democrats.