The Center has issued a brief report explaining why, contrary to House Speaker John Boehner’s claim, the joint congressional “supercommittee” that the agreement establishes can propose revenue increases to help reduce budget deficits. It opens:
Speaker of the House John Boehner erroneously claims that the legislation implementing the new debt limit agreement does not allow the joint congressional committee it establishes to propose revenue increases to help reduce deficits. The legislation does no such thing. Rather, it is the speaker’s adamant opposition to considering revenue increases — even the elimination of wasteful tax loopholes — as part of a deficit-reduction package that may prevent a balanced approach to reducing the deficit through a mix of program cuts and revenue increases.