Democrats ready to go on offense over taxes or something
Democrats say they would not accept any budget deal unless it includes tens of billions in new tax revenue. Their opening bid is $1 in new taxes for every $1 in spending cuts to offset the cost of ending sequestration for domestic and defense discretionary spending programs.
They add that Republicans will have added incentive to agree to tax increases because a disproportionate share of the sequester for 2014 will hit defense programs.
Budget experts estimate it would cost about $100 billion to turn off the sequester for fiscal 2014. Richard Kogan of the Center on Budget and Policy Priorities pins the number at $109.3 billion…
A GOP leadership aide said Democrats are deluding themselves if they think Senate Republican Leader Mitch McConnell (Ky.) or Speaker John Boehner (R-Ohio) would go along with any tax increases.