Editor's note: This piece was co-authored by Dan Friedman.

Following on a decision by House Majority Leader Rep. Eric Cantor, R-Va., to pull out of the White House-led debt and deficit talks on Thursday, the other Republican negotiator, Sen. Jon Kyl of Arizona, has also dropped out. The new GOP position appears to be that they will not negotiate any further until Democrats take tax increases off the table. That stance seems to reflect their assessment that there are not the votes in the House to pass any deal that includes tax increases.