Source:
LA TimesThe super committee has until Thanksgiving to reach an accord. A deal to reduce the deficit has eluded Congress this year because of a simple stalemate: Republicans refuse new taxes and Democrats will agree to cut federal programs only if new revenues are in the mix.* * *
The Republicans' opening offer was a $2.2-trillion proposal that resists new taxes, in keeping with the anti-tax pledge most GOP lawmakers have signed with activist Grover Norquist's Americans for Tax Reform.
Instead, the GOP plan would cut corporate and individual taxes, which they say would expand the economy and spur new revenue. They also proposed $1.2 trillion in steep cuts to government spending.
Democrats called the proposal a "joke."
Read more:
http://www.latimes.com/news/nationworld/nation/la-na-super-committee-20111030,0,7494249.story
Even in the face of growing unrest over income inequality, Republicans are brazenly refusing to even consider repealing or raising taxes on the rich. Yet, the corporate media refuses to highlight their intransience or the fact that their complete refusal to consider taxing the rich is deeply unpopular.