Republicans are getting ready to accept that tax increases will be part of a revenue deal.
Lawmakers emerged from the closed-door meeting saying [Rep. Jeb] Hensarling had made the case that offering some new revenue — $300 billion in at least one publicized offer — would be a good trade to secure a permanent extension of the George W. Bush-era tax rates.
Speaker John Boehner (R-Ohio) told reporters after the briefing that the GOP had made “a fair offer,” referring to a proposal from supercommittee member Sen. Pat Toomey (R-Pa.) that would call for about $300 billion in new taxes in a total deficit-reduction package of $1.2 trillion.
