SUPER COMMITTEE

Dems and GOP Swap Deficit Plans

With their Thanksgiving deadline approaching, Republicans and Democrats on the deficit super committee exchanged plans—and the two sides remain far apart. Democrats proposed a plan to cut the deficit by $3 trillion—far more than the $1.2 trillion required—through a mix of tax increases and cuts, including to Medicare and Medicaid. Republicans, however, appear to be sticking to their anti-tax pledge. Their plan cuts the deficit by $2.2 trillion, mostly through cuts and increased government fees for programs like Medicare.