In it, but not of it. TPM DC

CHART OF THE DAY: The GOP's Miniscule Super Committee Tax Offer

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Newscom / CQ Roll Call Photos

Compared to current policy -- which assumes all the Bush tax cuts are extended -- Republicans are offering a sliver of tax revenue so minuscule it might as well not exist. It's unclear where this revenue comes from, but it is commensurate with the amount of revenue the Treasury would collect if the government changed the way it calculates inflation. If that's the source, it's a fairly regressive tax change.

Both the bar graph above and the pie chart below count the over $900 billion in discretionary savings the parties agreed to during the debt limit fight toward total deficit reduction figures. The fact that the Democrats' proposal was significantly larger is reflected in the sizes of the pie charts.