Republicans on President Obama’s fiscal commission, which is tasked with coming up with ways to reduce the deficit, have privately argued in official meetings that the panel should recommend further corporate and capital gains tax cuts as part of its mandate. The panel has been charged with raising revenues and cutting spending, to bring the federal budget into greater balance. But if Republican members are successful, their advocacy would result in either an unbalanced report, dedicated wholly to spending and benefit cuts — or to gridlock and, thus, no recommendations at all.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=120590