the CBO report undermines the Republican argument on tax cuts for the very wealthiest by showing that they have only a miniscule effect on economic growth while adding nearly a trillion dollars to the deficit over the next decade.

“House Republicans must end their intransigence on tax cuts for the very wealthy and sit down on a bipartisan basis to finish the work of this Congress. We should do so by taking steps to address the time-sensitive end-of-year tax issues, unemployment insurance, Medicare reimbursement and preventing the sequester for a full year. These vital steps will allow the new Congress to set a course for deficit reduction and tax reform in a transparent and fully bipartisan fashion.”