Norquist endorses GOP picks for deficit panel: ‘Your wallet is safe’

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Boehner and McConnell announced their appointments to the supercommittee Wednesday.

Boehner appointed GOP Reps. Dave Camp (Mich.), Fred Upton (Mich.) and Jeb Hensarling (Texas), while McConnells picks were Republican Sens. Jon Kyl (Ariz.), Rob Portman (Ohio) and Pat Toomey (Pa.).

Norquists organization played a key role in the recent debt-limit negotiations. Many said the group’s tax pledge, signed by nearly every Republican in Congress, was a roadblock to a deficit deal that included new federal revenue.

Senate Majority Leader Harry Reids (D-Nev.) picks for the supercommittee — Democratic Sens. Max Baucus (Mont.), John Kerry (Mass.) and Patty Murray (Wash.) — have not signed the pledge.

The pledge has been a target of criticism from Democrats and caused friction within the Republican Party, as some see closing tax loopholes and eliminating credits as efficient ways to reform the tax code, while others consider them backdoor tax hikes.

Both will likely be significant discussion points as supercommittee members seek to balance competing demands to increase revenue but not raise taxes. Reid has said tax increases need to be on the table as part of a final deal.

The panel is tasked with presenting a deficit-reduction package to Congress before Thanksgiving that recommends at least $1.5 trillion in deficit cuts.