Seemingly ignoring that over than 3 million more Americans voted for President Obama than Mitt Romney on Tuesday, Congressional Republicans are moving quickly to embrace Speaker John Boehner’s (R-OH) call to adopt a tax “compromise” that is virtually identical to the tax proposal that Romney made the centerpiece of his failed campaign.

The running theme this week is what Senator Chuck Schumer (D-NY) called the “Rumpelstiltskin fairy tale” that the country can increase revenues simply by lowering tax rates:

Sen. Saxby Chambliss (R-GA): On ABC’s This Week, Chambliss said, “Bowles-Simpson said, look, eliminate all these tax credits and tax deductions. You can generate somewhere 1 to 1.2 trillion in additional revenue. You can actually lower tax rates by doing that. And I think at the end of the day, what’s got to happen, George, we’ve got to get this economy going again.

Rep. Tom Cole (R-OK): In a Friday column, House Budget Committee member Cole wrote: “However, raising tax rates is not the only way to increase revenue, nor is it the best way. Speaker Boehner has proposed comprehensive tax reform to raise revenue and lower rates. Eliminating inefficient loopholes and deductions will generate economic growth while creating a simpler, fairer tax code.”

Rep. Kevin Brady (R-TX): In a Wednesday Tweet, House Ways and Means Committee member Brady opined: “Stronger economic growth from tax reform that lowers rates and closes loopholes will generate higher revenue to bring the deficit down.

Rep. Eric Cantor (R-VA): In a letter to his Republican caucus, the House Majority Leader wrote: “What would be best is a fundamental reform of the tax code that lowers rates, broadens the base, makes America’s businesses competitive again, and reduces the burden imposed by taxes on work and investment.”

Rep. Dave Camp (R-MI): In a Wednesday press release, the House Ways and Means Chairman wrote: “There is a better path forward than simply increasing tax rates, and one in which both sides can claim victory. We can address both our jobs crisis and our debt crisis by focusing on tax reform that strengthens the economy. There is bipartisan support for tax reform that closes loopholes and lowers rates.”

Rep. Tom Price (R-GA): On Fox News Sunday, House Republican Policy Committee Chairman Price, a member of both the Ways and Means and Budget Committees, said “We can increase revenue without increasing the tax rates on anybody in this country.”

The non-partisan Congressional Budget Office says there will be no significant negative impact on the economy should the lower rates on the wealthiest Americans be allowed to expire. And the notion that lowering rates will magically create more revenue is indeed a right-wing pipe dream.

Even before the election results came in Tuesday, House Speaker John Boehner (R-Ohio) was focused on narrowing options for compromise to resolve the looming “fiscal cliff,” saying he would not support a tax increase on the wealthiest Americans. But on Fox News Sunday, conservative Weekly Standard Editor Bill Kristol counseled Republican leadership to stop “falling on its sword to defend a bunch of millionaires”:

I think honest debate, fresh thinking, leadership in the Republican party and the leadership in the conservative movement has to pull back, let people float new ideas. Let’s have a serious debate. Don’t scream and yell over what one person says.

You know what? It won’t kill the country if Republicans raise taxes a little bit on millionaires. It really won’t, I don’t think.

I don’t really understand why Republicans don’t take Obama’s offer to freeze taxes for everyone below $250,000. Make it $500,000, make it a million.

Really? The Republican party is gonna fall on its sword to defend a bunch of millionaires, half of whom voted Democratic, and half of whom live in Hollywood and are hostile to Republicans?

Watch it:

Rep. Paul Ryan’s (R-WI) infamous budget proposal would have cut taxes on those making more than $1 million, while ending tax cuts for those with the lowest incomes — a plan Kristol predicted Republicans would have difficulty defending. But even in the face of poor election results and exit polls that showed 60 percent of Americans support higher taxes for the wealthy, Boehner reiterated his opposition to raising taxes on Friday, as did Senate Minority Leader Mitch McConnell (R-KY).

Citigroup CEO Vikram Pandit was pushed out the door of his company in October after overseeing a precipitous decline in his bank’s value. Overall, Citigroup lost nearly 90 percent of its stock price during Pandit’s tenure. But that won’t stop Pandit from walking off with $6.7 million for his last year on the job:

Citigroup said Friday that the former CEO, who resigned last month in a management shakeup, will receive an “incentive award” of $6.7 million for his work at the bank this year. Former president and chief operating officer John Havens, who stepped down along with Pandit, is getting $6.8 million, according to a filing with the Securities and Exchange Commission.

The two men will also continue collecting deferred cash and stock compensation from last year, awards valued at $8.8 million for Pandit and $8.7 million for Havens.

The company suffered a profit loss of 88 percent during the third quarter, when Pandit supposedly earned his “incentive award.” During his time at Citi, Pandit made some $260 million in total compensation, even accounting for the year he took a $1 salary during the financial crisis.

Several Wall Street heavyweights have recently said that banks need to rethink the sky-high compensation they’ve been paying (which has helped exacerbate the nation’s income inequality). For instance, Morgan Stanley CEO called the financial industry “overpaid.” “There’s way too much capacity and compensation is way too high,” he said.