Taxes on rich were sticking point

In an attempt to be balanced, the media often missed the key reason the supercommittee failed to reach a deficit-reduction deal. That reason can be stated in one sentence, wrote Greg Sargent of the Washington Post: “Democrats wanted the rich to pay more in taxes towards deficit reduction, and Republicans wanted the rich to pay less in taxes towards deficit reduction.” Sargent added: “Any news outlet that doesn’t convey this basic fact to readers and viewers with total clarity is obscuring, rather than illuminating, what actually happened here.” Meanwhile, a Wall Street Journal editorial blamed the failure on different visions of government: “Democrats don’t believe they need to do more than tinker around the edges of the entitlement state while raising taxes on the rich. Republicans think the growth of government is unsustainable and can’t be financed no matter how much taxes are raised.”