Expectations are low for the congressional deficit "super committee" tasked with coming up with a way to cut the deficit by $1.2 trillion by Thanksgiving--which President Obama and congressional leaders were unable to do this summer. But maybe the committee isn't "doomed to fail" after all. The main sticking point during this summer's debt ceiling dispute was whether the federal budget deficit should be decreased though spending cuts and tax hikes--which the Democrats wanted--or spending cuts alone, which Republicans wanted. But now some Republicans are softening their position. On Thursday, Rep. David Camp, who's one of the 12 lawmakers on the debt super committee, told Reuters' Donna Smith that he, too, was open to raising tax revenue. "Everything is on the table," Camp said. His comments follow four conservative Republicans who listed tax increases they might be open to Tuesday night.
This article is from the archive of our partner The Wire.