But the back-room actions on black liquor point to just how difficult it will be to lower the budget deficit through painless changes in the tax code. Even for a self-proclaimed deficit hawk like Mr. Crapo, one man’s loophole can be another’s vital constituent interest.
The "grand bargain" will be cut social security, which has nothing to do with the deficit, in exchange for closing loopholes which will reappear in the next budget.
No deal.