**Written by Doug Powers
Today’s GOP counter offer will get a similar reaction because it doesn’t include tax hikes on the “rich” the White House insists must be included in any deal.
From The Hill:
House Republican leaders have made a counteroffer to President Obama in the fiscal cliff negotiations, proposing to cut $2.2 trillion with a combination of spending cuts, entitlement reforms and $800 billion in new tax revenue.
The leaders delivered the offer to the White House on Monday with a three-page letter (PDF) signed by Speaker John Boehner (R-Ohio), Majority Leader Eric Cantor (R-Va.), and four other senior Republicans, including Rep. Paul Ryan (R-Wis.), the party’s just-defeated vice presidential nominee.
Republican officials said the offer was based on a proposal outlined by Erskine Bowles, the former chief of staff to President Clinton, in testimony last year before the congressional “supercommittee” on deficit reduction. That offer is distinct from the widely-cited Simpson-Bowles deficit plan released two years ago.
Initial response from the White House was predictable:
Dan Pfeiffer, the White House communications director, said the plan “does not meet the test of balance.”
“Their plan includes nothing new and provides no details on which deductions they would eliminate, which loopholes they will close or which Medicare savings they would achieve,” he said. “While the president is willing to compromise to get a significant, balanced deal and believes that compromise is readily available to Congress, he is not willing to compromise on the principles of fairness and balance that include asking the wealthiest to pay higher rates … Until the Republicans in Congress are willing to get serious about asking the wealthiest to pay slightly higher tax rates, we won’t be able to achieve a significant, balanced approach to reduce our deficit our nation needs.”
A “balanced approach to reduce our deficit”? Obama’s initial bid proposed cutting nothing, raising taxes $1.6 trillion and giving himself unlimited authority to raise the debt ceiling. At least if we go off the cliff they’re seeing to it that there will be plenty to laugh at.
**Written by Doug Powers
Twitter @ThePowersThatBeblog comments powered by Disqus
Necessary reminder for MSM: ‘Death to America’ chants in Iran started WAY before Trump became president
February 10, 2017 01:16 PM by Doug Powers
Now that Obama’s gone it’s safe for the MSM to notice Iran’s ‘more powerful’ than they’ve been in decades
February 6, 2017 08:16 PM by Doug Powers
Fifty Shades of Grey Lady: NY Times Mag troubled by ‘uncomfortable love affair’ on Super Sunday (open thread)
February 5, 2017 09:45 AM by Doug Powers
January 30, 2017 07:13 PM by Doug Powers
Perfect: Richard Branson sends private jet for Obamas so they can discuss how everybody’s going to die from fossil fuel emissions
January 24, 2017 09:21 AM by Doug Powers