House Republicans have sent President Barack Obama a new offer on tax and entitlement reform.
And a Democratic source tells CNN that they may accept a lower tax rate than 39.6% and the Obama administration's latest offer includes a new $1.4T revenue number - which is less than the $1.6 trillion in cuts asked earlier.
OutFront tonight: CNN Contributors Reihan Salam and John Avlon.
As good a place as any to make the point that it is within the Presidents authority to remove the costs of the war from the budget, he added it he can subtract it, so the debt ceiling that is often referenced as a negotiating point should this time around be moot. Once before it was allowed to stay in but for the sake of the country it should now be removed so that there are no future concerns as America has bigger roles and the world has a need for American leadership. I believe not being so resolute on inclusion of the costs of the wars at this moment would be a much greater benefit, than a strict moral interpretation.
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Erin Burnett OutFront airs weeknights at 7 p.m. ET. Designed to showcase Erin's unique style--casual, smart, and confident--OutFront stays ahead of the headlines, delivering a show that's in-depth and informative.
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