Did You Know...

   

House Republicans make counter offer to Obama's fiscal cliff non-starter

Share
By Doug Powers  •  December 3, 2012 07:36 PM

**Written by Doug Powers

President Obama’s opening bid, which consisted of tax increases and more stimulus in 2013 along with unilateral presidential authority to raise the debt ceiling, was received with a laugh.

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.

null
Balanced approach

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus

Confirmed: Iran president really misses previous administration

August 15, 2017 08:44 AM by Doug Powers

Uh huh

Obama’s birthday gives uber-objective media a chance to show how much he’s missed

August 4, 2017 08:57 PM by Doug Powers

Like this, but worse

Paul Krugman serves up more proof Nobel Prize needs ‘comedy’ category

August 1, 2017 05:40 PM by Doug Powers

Obama the Honest

O-care remains, but just wait until the GOP takes control of Congr… oh, wait

July 18, 2017 10:20 AM by Doug Powers

Some majority

Will new wrinkle in Trump Jr./Russia story render MSM temporarily incurious?

July 12, 2017 09:05 PM by Doug Powers

Inconvenient details


Categories: 2016 Campaign, Barack Obama, Democrats, Donald Trump, Hillary Clinton

Follow me on Twitter Follow me on Facebook