Deficit Dems conceded more than at fiscal commission, liberals say

The liberal Center for Budget and Policy Priorities reported Friday that the deficit-reduction plan put forward by the majority of supercommittee Democrats is more GOP-friendly than other bipartisan plans put out in the last year.

According to the center’s analysis, based on press reports, Democrats are offering a plan with less revenue increases than the plans from the president’s fiscal commission or the Senate Gang of Six.

The Democrats have proposed $1.3 trillion in increased revenue compared to $2.2 trillion in spending cuts.

This amount is calculated compared to a current-policy baseline in which all the Bush-era tax cuts are extended permanently — something Democrats are strongly against.

Using that same baseline, the fiscal commission increased revenue by $2.2 trillion and the Gang of Six increased revenue by $2 trillion.

In contrast, the fiscal commission only cut Medicare and Medicaid spending by $383 billion, while the majority of supercommittee Democrats reportedly back $475 billion in cuts.

“Although the new plan thus moves considerably closer to Republican positions than any of the bipartisan plans, Republicans have been quick to reject it,” the center’s Robert Greenstein, Richard Kogan and Paul Van de Water write. “This rejection likely dooms chances that Congress will be able to pass a big, bipartisan plan.”

After Democrats offered their $3 trillion deficit plan on Tuesday, Republicans on the supercommittee offered a $2.2 trillion plan without tax increases.

Van de Water said the group is not criticizing Democrats for making their offer but are trying to counter the notion the offer is not an attempt at compromise. He did say, however, that the CBPP believes the cuts to health entitlements are too deep.