“We have gone as far as we feel we can go,” Hensarling said. “We put $250 billion of what is known as static revenue on the table, but only if we can bring down rates. We believe we can bring the top individual rate down to 28, 29, maybe at most 30 percent, bring the corporate rate down to the median of the EU, 25 percent. And on balance, we think that would be pro growth. But, listen, any penny of increased static revenue is a step in the wrong direction.”–Super Committee co-chair Jeb Hensraling
I know. I’m shocked. Imagine that, Wingnuttia is not now, nor have they ever been negotiating in good faith.
So what remains to be seen is if 1) the Dims will continue to negotiate against themeselves (seems likely), or 2) if our notoriously hands-off President will insert himself into the process (seems unlikely, but you never know) or 3) if Obama will veto whatever hot mess this supercommittee is going to propose.
I’m told that the charm of Kabuki theater is that everyone already knows the stories, they just like to see them acted out.