GOP senators seek to divide and conquer deficit supercommittee

GOP senators seek to divide and conquer deficit supercommittee

Sens. Pat Toomey (Pa.) and Rob PortmanRobert (Rob) Jones PortmanMcConnell names Senate GOP tax conferees Overnight Finance: House approves motion to go to tax conference — with drama | GOP leaders to consider Dec. 30 spending bill | Justices skeptical of ban on sports betting | Mulvaney won't fire official who sued him How four GOP senators guided a tax-bill victory behind the scenes MORE (Ohio), Republican members of the deficit-reduction supercommittee, are trying to attract Democrats off the special panel to support their plan to restructure the tax code.

Toomey and Portman met with Democratic and Republican members of the Gang of Eight on Wednesday to present their plan to reduce the deficit, according to Senate sources. The ambitious proposal would raise about $300 billion in new net tax revenues and lower marginal income tax rates across the board.

Toomey and Portman hope to build momentum for their proposal, which they believe could serve as the basis for a supercommittee deal. The panel faces a Nov. 23 deadline to submit a plan for at least $1.2 trillion in deficit cuts. 

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The original Gang of Six — an informal bipartisan group committed to a major deficit-reduction deal — included Sens. Dick DurbinRichard (Dick) Joseph DurbinDemocrats turn on Al Franken Minnesota's largest newspaper calls on Franken to resign Democratic senator predicts Franken will resign Thursday MORE (D-Ill.), Mark WarnerMark Robert WarnerSenate panel moves forward with bill to roll back Dodd-Frank Comey back in the spotlight after Flynn makes a deal Warner: Every week another shoe drops in Russia investigation MORE (D-Va.), Kent Conrad (D-N.D.), Mike CrapoMichael (Mike) Dean CrapoOvernight Regulation: Feds push to clarify regs on bump stocks | Interior wants Trump to shrink two more monuments | Navajo Nation sues over monument rollback | FCC won't delay net neutrality vote | Senate panel approves bill easing Dodd-Frank rules Overnight Finance: GOP delays work on funding bill amid conservative demands | Senate panel approves Fed nominee Powell | Dodd-Frank rollback advances | WH disputes report Mueller subpoenaed Trump bank records Senate panel moves forward with bill to roll back Dodd-Frank MORE (R-Idaho), Saxby ChamblissClarence (Saxby) Saxby ChamblissLobbying World Former GOP senator: Let Dems engage on healthcare bill OPINION: Left-wing politics will be the demise of the Democratic Party MORE (R-Ga.) and Tom CoburnThomas (Tom) Allen CoburnFormer GOP senator: Trump has a personality disorder Lobbying World -trillion debt puts US fiscal house on very shaky ground MORE (R-Okla.).

Sens. Michael BennetMichael Farrand BennetAvalanche of Democratic senators say Franken should resign GOP and Dems bitterly divided by immigration Schumer downplays shutdown chances over DACA fight MORE (D-Colo.) and Mike JohannsMike JohannsFarmers, tax incentives can ease the pain of a smaller farm bill Lobbying World To buy a Swiss company, ChemChina must pass through Washington MORE (R-Neb.) later joined the group to make it the Gang of Eight.

Not all members of the Gang could attend the last-minute meeting with Toomey and Portman.

The two Republicans appear to be trying to build bipartisan support for their proposal by sharing it outside the narrow confines of the supercommittee. But some Democrats suspect they could be trying to drive a wedge between the Democratic members of the Gang of Six and the supercommittee.

Democratic supercommittee members this week firmly rejected Toomey’s plan as lacking credibility.


A person familiar with supercommittee negotiations said Thursday evening that those talks had hit an “impasse.”

Senate Majority Leader Harry ReidHarry ReidBill O'Reilly: Politics helped kill Kate Steinle, Zarate just pulled the trigger Tax reform is nightmare Déjà vu for Puerto Rico Ex-Obama and Reid staffers: McConnell would pretend to be busy to avoid meeting with Obama MORE (D-Nev.) on Thursday called it a “phony” plan because it lacked details about how Republicans would raise new tax revenue while slashing income tax rates.

But Durbin, the Senate Democratic Whip, offered some encouragement, saying Wednesday that the fact that Republicans were talking about a net increase in taxes was a “breakthrough." 

Durbin said he does not support Toomey’s plan but nevertheless said putting revenues on the table was “an important step forward.”

Durbin served for months on the Simpson-Bowles fiscal commission and later the Gang of Six in an effort to build a significant deficit-reduction package.

Toomey and Portman hope that other Democrats who are committed to a major deficit-reduction deal might be interested in the latest offer from GOP members of the supercommittee.

Aides to Toomey and Portman declined to comment.

Sen. Patty MurrayPatricia (Patty) Lynn MurrayDemocrats turn on Al Franken VA slashes program that helps homeless veterans obtain housing: report The Hill's 12:30 Report MORE (Was.), the Democratic co-chairwoman of the supercommittee, dismissed the GOP’s latest proposal this week, telling reporters she has “yet to see a real, credible plan that raises revenue in a significant way to bring us to a fair, balanced proposal”, according to The Washington Post.

Republicans think other Democrats might be persuaded to support it, however.

“I do,” said Coburn. “It’s a big breakthrough, like Dick Durbin said.”

Durbin says Republicans are taking his comments out of context.

“I believe the fact that Republicans have mentioned the word 'revenue' is a breakthrough. Now, I have not endorsed their proposal, nor do I think it’s the endgame by any means. But the fact that they have put revenues on the table is an important step forward,” Durbin told Reuters.

A senior Democratic aide expressed skepticism that any Democratic senators would voice support for the Toomey plan.

The Center on Budget and Policy Priorities, a liberal-leaning think tank, said the proposal “raises grave concerns” and adds “little balance.”

“The proposal seems designed to make only a modest revenue contribution toward deficit reduction and then to take revenues off the table for the larger rounds of deficit reduction that must follow,” the Center on Budget and Policy Priorities wrote in an analysis.