Rep. Paul Ryan began the budget conference committee last month by warning Democrats that they would sabotage the negotiations by insisting on a debate over more revenue.
“If this conference becomes an argument about taxes, we’re not going to get anywhere,” Ryan told the group on Oct. 30. It took Democrats all of one week to dismiss his advice.
Several liberal lawmakers on the committee drafted a memo last week detailing “egregious tax loopholes” that could be closed to raise revenue and help soften sequester cuts—a nonstarter for Ryan and the House Republican Conference. Continue reading “How the Budget Deal Will Die”