Contrary to Speaker Boehner’s Claim, Budget Deal’s “Supercommittee” Can Consider Revenue Increases

The Joint Committee could consider increases in revenues to achieve its deficit-reduction target, according to James R. Horney of Center on Budget & Policy Priorities. The Committee, Congress, and President are free to determine that savings should be calculated relative to a current-policy or plausible baseline, which would show tax reform of the sort proposed by the Gang of Six as reducing rather than increasing the deficit.

Article was originally published in Center on Budget & Policy Priorities on 8/1/2011.