New York Times, Deficit Panel May Put Off Tax Deliberation:

The top Republican on the joint Congressional committee on deficit reduction did not exactly radiate confidence on Sunday about the panel’s ability to reach a sweeping bargain by its Nov. 23 deadline. Instead, he signaled that the panel was contemplating a procedure that would allow it to delay the toughest choices about how to raise taxes.

“Indeed, yes, there could be a two-step process that would hopefully give us pro-growth tax reform,” the lawmaker, Representative Jeb Hensarling of Texas, said on the CNN program “State of the Union.” Under that formula, the bipartisan committee would set broad targets for new revenue to be raised and then essentially leave it to the tax-writing committees of Congress to fill in the details – sometime in 2012.