October 3, 2012

Gang of 8 plots secret retreat

By Jessica Chau

Politico had a piece on some Senators reviving a “Gang of 8” to start putting together a deal to resolve the fiscal cliff, and The Washington Post had a story on a few basic misconceptions about the Simpson-Bowles recommendations.

Gang of 8 plots secret retreat

Politico, John Bresnahan and Jake Sherman, 10/2/2012

. . . the senators in the Gang of Six — plus two newbies — will have a secret retreat next week hosted by Sen. Mark Warner (D-Va.) to start cobbling together a plan to avoid the looming fiscal cliff.

For this round of talks, the bipartisan group has added Sen. Lamar Alexander (R-Tenn.), a former member of Minority Leader Mitch McConnell’s (R-Ky.) leadership team, and Sen. Michael Bennet (D-Colo.), who has grown close to Obama as he tries to capture Colorado this election season.

Senate insiders confirmed the upcoming session, although the group will not disclose its location.

“This group continues to meet and work toward a bipartisan solution,” Warner spokesman Kevin Hall said.

Other Gang of Six members include Sens. Dick Durbin (D-Ill.), Kent Conrad (D-N.D.), Saxby Chambliss (R-Ga.), Mike Crapo (R-Idaho) and Tom Coburn (R-Okla.).


A few basic misconceptions about Simpson-Bowles

Washington Post, Suzy Khimm, 10/2/2012

Washington’s ongoing obsession with Simpson-Bowles isn’t dissipating any time soon: A bipartisan group of senators are reportedly thinking of having their deficit-reduction plan automatically triggered if Congress can’t come up with its own grand bargain. But do all the fans of Simpson-Bowles really understand what they’re endorsing?

In a new report, Richard Kogan at the Center of Budget and Policy Priorities explains how some very technical details in Simpson-Bowles could lead to some very basic misconceptions about what the plan would actually do.


Follow Americans for Tax Fairness on Twitter and Facebook.  Right now is the best time to spread far and wide that we just can’t afford to continue the Bush tax cuts for the richest 2 percent.