December 3rd, 2012
03:04 PM ET
10 years ago
BREAKING: House GOP offers fiscal cliff counterproposal
(CNN) - House Republicans are making a counter-offer Monday to the White House on a fiscal cliff deal, but they continue to reject President Barack Obama's call for higher tax rates on the wealthy.
The new proposal to avoid the fiscal cliff would bring $2.2 trillion in savings over the next decade. These would include $800 billion from tax reform, $600 billion from Medicare reforms and other health savings, and $600 billion in other spending cuts, House GOP leadership aides said Monday.
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Can't wait to see what sort of legislative sausage Boehner is forced to present....the only idiotic thing they won't demand are Obama's college transcripts-wait, those are included on line item 1334c, after the part where it says Sandra Fluke has to go out on a date with Rush.
but they continue to reject President Barack Obama's call for higher tax rates on the wealthy.
Why is this "Breaking News" since they're really not offering anything different nor did I expect them to.
That is laughable. The one issue the President has said he is adamant about, and they don't address it. How can they think this is any type of negotiating?
Let the cuts expire and let the chips fall where they lay. It looks like that is going to be the only way these Republican's will understand that the People of this Country are fed up with their proctecting their rich friends and donors. We voted for President Obama and his vision. Not theirs!!!
Why was 39% ok when Clinton was Prez. but poisonous now? 22 MILLION New Jobs created under Clinton !
Boehner and crew are delusional and are not listening to the American people.
2014 is just around the corner. The GOP is toast.
The WH counteroffer will be as follows: Raise taxes on 250k and above, cut defense, increase spending in the form of a "stimulus". Obama isn't interested in compromise or the affect of his policies on the deficit or our overall debt, the truth is he never really was...
The republican leadership will go down in a ball of flame but with no glory. Period.
There are those lemmings that just agree with anything that the GOP says and try to defend it with pure nonsense. Now the GOP just put a plan out that hits directly at the middle class by cutting medicare/medicaid and social security. They are for the 2%. Just too obvious to defend.
Reject Obama's tax plan and you can bet we'll reject you in 2013 mid term elections and 2016 Presidential election. The GOP's failure to make Obama a one term President didn't work but you can bet we will make sure you don't report back to work.
All I can say is, looking at the chart they are proposing sill affects the middle and lower classes.
Now the president should go,"Ha,ha,ha. Lol...lol...lol.
Thank you for at least attempting to negotiate, Mr. Speaker, but that dog won't hunt. The rates on the top 2% are going up. Period. Even after 4 years of recession and 9% unemployment, the people still chose to keep Obama. That's a pretty strong mandate, really. The GOP needs to quit fighting a battle they cannot win and concentrate on something that they can win.
Just more of the same old Romney-Style "I have it hidden and I'll let you know the details when it passes..."
I noticed there was no mention of cutting any defense spending in the GOP proposal. Basically a statement of don't touch the rich and don't touch my friends at the pentagon. WOW ! How can you tell a Republican Congressman is lying ? ? His lips are moving !
Okay great, so we take the Republican's counter-proposal, then ADD a 1% tax hike for the upper-class and BAM! We've got a perfect debt-reduction deal that reduces the debt even faster and serves both "sides" of the aisle! Yup, that's how you get stuff done folks... unlike these idiots in Washington.
It is amazing to note what everyone considers as being wealthy. As President Obama considers, they are an individual earning $200K and above
(maybe VP or above at a company) and a family earning $250K and above (which may be two spouses working as Engineers or managers
in a high tech industry). So suddenly hard working engineers and managers have come into the rich category. In high cost living places like
California this is a reality (where people still have to spend 4x of their earnings on housing) similar to any other part of US), but I am sure none
of these families will ever call themselves as rich as the President calls them. Moreover earnings also include variable compensation which at times
will classify them as middle class (if just below $250K) and at other times will classify them as rich (just above $250K).
The other important question to ask is "Why is Marriage a Tax Sin"? Where is spousal Equality? If an individual earning $200K+ is rich then on a
similar basis it should be for a family earning $400k or above. This inequality that exists in our tax code, thinking etc is one of the primary things that
need to be addressed. This alone if addressed will result in lower taxes for all families and particularly for people in the lower tax brackets
(Just look at the tax tables for reference).
Like I said earlier, legislative sausage ( or Twinkies). No matter how they try to dress this up, its still the same nonsense that favors the people at the top , and who keep sending our jobs out of the country and pocketing the profits. Hostess, anyone?
Weren't the Republicans just criticizing Obamacare for cutting Medicare last month? Now their new proposal cuts $800 billion from that same program? Is anyone calling them on their BS?
Obama and the liberals are laughable. There was a man-date alright but that only applied to the liberal gay marriage for votes program. Otherwise the lefts fiscal ideas are a joke and will cost us all dearly. Dems still stuck on increase for 2% that wont do anything for our economy. Losers.
This is good news. I wish the article dived into the details a bit (hopefully there are actual details) but now that both parties have something on the table they can get down to negotiating and compromise.
Thank you Speaker at least for trying to bring something to the table. Now lets just get something between this and the President's offer along with at least some cuts in defense spending and lets just pack up this "fiscal cliff" circus so we can all have a merry Christmas.
John Boehner just don't get It or want to listen to the 70% of American People that the Bush tax cut should stop for any one making over 250,000. This the Republican better start to listening to or the will be Republican In Congress and the Senate looking for new job. Now John Boehner who do you think will have a better chance of voting you Republican out opf office Grover Norquist or the American People. Now who do you think will win.
I wish people could Fire this idiot woth Mitch McConnol and Erick Cantor. May be in 2014.
Wall Street and the Fed continue to jerk Obama around like little black sambo on a stick.