It turns out that the Republican offer to increase revenue was to lower tax rates on the wealthy and make the Bush tax cuts permanent, in exchange for a small amount of loophole closing, which would be a net increase in the deficit. Now they’re desperately trying to avoid the sequestration that they voted for. No one will be able to balance this budget until the GOP is voted out of majority, they simply refuse to do anything that would either cut spending OR raise revenues.
It turns out that the Republican offer to increase revenue was to lower tax rates on the wealthy and make the Bush tax cuts permanent, in exchange for a small amount of loophole closing, which would be a net increase in the deficit. Now they’re desperately trying to avoid the sequestration that they voted for. No one will be able to balance this budget until the GOP is voted out of majority, they simply refuse to do anything that would either cut spending OR raise revenues.