That's bullshit...it's a 7 member committee, with 4 Democrats and 3 Republicans (Obama is the 7th Member, for all purposes since he is the "tie-breaker").
There's no way any tax increases can be prevented, and NO WAY any welfare/medicaid/"aid to the poor" is gonna be cut.
(see tagline)
Correction: it’s 7 Democrats and 6 Republicans (instead of 3 on each side)....my bad.