A presidential deficit commission is struggling to win the votes necessary to pass a sweeping austerity plan as members get set to vote on a final draft today. Despite lobbying efforts by commission chairmen Erskine Bowles and Alan Simpson, five of the 18 members have said they will vote against the plan, effectively scuttling its chances.
Bowles and Simpson have secured ten votes, while five commissioners have said they will vote against the proposal. Commission members include: Sens. Max Baucus (D-MT), Tom Coburn (R-OK), Kent Conrad (D-ND), Mike Crapo (R-ID), Dick Durbin (D-IL) and Judd Gregg (R-NH), Reps. Xavier Becerra (D-CA), Dave Camp (R-MI), Jeb Hensarling (R-TX), Paul Ryan (R-WI), Jan Schakowsky (D-IL) and John Spratt (D-SC), Honeywell International CEO David Cote, former Young & Rubicam Brands CEO Ann Fudge, Brookings Institute senior fellow Alice Rivlin and former SEIU president Andy Stern.
The vote will be held today. For a detailed look at the tough road for deficit cutters, check out Michael Hirsh's take here.
Hensarling (May vote no)
Update: Spratt says he will vote for the package