A top Senate Democrat says that a deficit "supercommittee" is unlikely to succeed because of a deadlock over taxes.
New York Democrat Charles Schumer told MSNBC's "Morning Joe" that the congressional deficit panel probably won't agree on a plan to cut $1.2 trillion from the deficit over the coming decade "because our Republican colleagues have said no net revenues."
The bipartisan group has just over two weeks to report its recommendations. A recent exchange of offers revealed a deep rift on taxes, with Democrats recommending a $1.3 trillion increase in tax revenue as part of a $3 trillion plan that includes a sweeping overhaul of the tax code. Republicans rejected the idea.
Democrats insist they won't agree to cut popular benefit programs without Republican concessions on taxes.
Dear 'Gun Free Zone' Campus Wizards: Nine Kids Died Because Of Your Stupid Policy
FIST PUMP: You'll love James Woods' 2nd Amendment tweet of the year!
The War on America Turns 50 | Human Events
Destroying Gun Control With A Single Question - Bearing Arms - Gun Control, Video
Political Calculations - Visualizing the 2012 Distribution of Income in the U.S. by Age
The truth about gun deaths: numbers and actual solutions
The Vatican scores an 'own goal.' | RedState