Deficit Committee: Senator Mitch McConnell and Speaker John Boehner Select Additional Members for the Committee

The principals (Sen. Harry Reid, Sen. Mitch McConnell, Speaker John Boehner, and Rep. Nancy Pelosi) could not reach an agreement with their discussions with the President. I do not expect their selectees will find one (unless proposed, approved, and submitted to the so-called super-committee (maybe on 10/14/11? (see BCA section 401(a)(3)(A)(ii)).

The number of millionaires who are on the congressional committee and would be subject to tax increases make me skeptical about the results of this super-committee.

Joint Select Committee on Deficit Reduction

Selections of Senator Harry Reid, Senate Majority Leader

Nominee

Net Worth (2009)

Sen. Max Baucus (D-MT) $13,013 to $204,000
Sen. John Kerry (D-MA) $182,755,534 to $294,869,059
Sen. Patty Murray (D-WA) $449,017 to $1,185,000

Source: www.opensecrets.org.

Selections of Senator Mitch McConnell, Senate Minority Leader

Nominee

Net Worth (2009)

Sen. Jon Kyl (R-AZ) $519,090 to $746,082
Sen. Rob Portman (R-OH) $5,544,075 to $17,468,999
Sen. Pat Toomey (R-PA) $1,770,062 to $4,900,999

Source:  www.opensecrets.org.

Selections of House Speaker John Boehner

Nominee

Net Worth (2009)

Rep. Dave Camp (R-MI) $2,966,100 to $10,515,000
Rep. Jeb Hensarling (R-TX) $928,025 to $2,270,000
Rep. Fred Upton (R-MI) $7,010,173 to $25,651,000

Source:  www.opensecrets.org.

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