The twelve-member joint House-Senate “supercommittee” on budget reduction has less than three weeks left to submit a plan with at least $1.2 trillion in savings over the next ten years. Democrats (and their allies in the media establishment) are hoping that Republicans will cave on tax increases, which are, according to Sen. Ben Cardin (D., Md.), his party’s “number one priority.”
They are likely to be disappointed.
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