House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" | TigerDroppings.com

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Providence Fan
Member since Nov 2008
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House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


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House Republican leaders on Monday sent President Barack Obama a counteroffer aimed at avoiding the fiscal cliff, but it doesn’t hike tax rates on the wealthy or deal explicitly with tricky issues like the debt ceiling and the sequester.

GOP leadership says the offer is based on testimony given by Erskine Bowles during an appearance at a supercommittee hearing last year. The price tag is $2.2 trillion.

The proposal, unveiled by senior GOP aides Monday during a briefing in the Capitol, assumes $800 billion in fresh governmental revenue through tax reform, $600 billion in health savings and changes to CPI, a formula that determines benefits across the government.

There’s also $600 billion in other savings, split evenly between mandatory and discretionary spending.

Politically, it’s a significant move for House Republicans. It will remove the White House talking point that the GOP has no plan. Secondarily, the party is making public its desire to tweak entitlement programs like Medicare, which is more than the White House has been willing to do.

In the briefing, Republican signaled they are certain to push to change the Medicare eligibility age and implement means testing for the program.

Republicans say their proposal is more realistic. Obama essentially submitted his budget, while Republicans took a step back from Rep. Paul Ryan’s (R-Wis.) 2011 budget.

“We could have responded in kind” Speaker John Boehner (R-Ohio) said during a brief appearance at the briefing. “But decided not to do that. What we’re putting forth is a credible plan that deserves serious consideration by the White House. And I would hope that they would respond in a timely and responsible way.”

A senior aide said although the sequester isn’t discussed, there is “ample savings to deal with” the automatic spending cuts.

“[T]he Bowles plan is exactly the kind of imperfect but fair middle ground that lows is to avert the fiscal cliff without hurting our economy and destroying jobs,” the letter from speaker John Boehner and his leadership team said.





This post was edited on 12/3 at 2:14 pm



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Duckman13
LSU Fan
Tiger Stadium
Member since Dec 2006
2809 posts

re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


Go Good guys!!!!





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kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
15632 posts

re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


quote:

House Republicans have made a $2.2 trillion counter offer to the White House on the fiscal cliff negotiations that does not raise tax rates on upper income Americans but does include $800 billion in tax reform, $600 billion in health care cuts and $600 billion in other cuts in discretionary and mandatory spending.



The White House does not believe in government spending cuts, so this is a non-starter...






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DeltaDoc
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The Delta
Member since Jan 2008
8578 posts

re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


This will be interesting. Everyone that can add and substract knows that raising taxes on those that make above $250K, as proposed by Obama, will only be a drop in the bucket of what is needed to pay down debt. To that end, if it is not earmarked to pay off debt, one can only assume not a penny will be used as such.

Nice to hear of what sounds like it could be a reasonable counter-offer.






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TN Bhoy
USA Fan
Sketty, Wales
Member since Apr 2010
41140 posts

re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


Obama will ignore it.





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Queen
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383 miles from Death Valley
Member since Nov 2009
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re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


Curious as to the long-term implications and whether they put any defense on the table.





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tigeraddict
LSU Fan
Baton Rouge
Member since Mar 2007
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re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


quote:

The White House does not believe in government spending cuts, so this is a non-starter...





House wants $800b in new taxes (eliminating loopholes, deduction limits), pres wants $1.6T

House wants $1.2B in cuts, Pres wants $600b in cuts, + $200B in stimulus spending and no more debt limit









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pistolpete23
In the present
Member since Dec 2007
3806 posts

re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


quote:

The White House does not believe in government spending cuts, so this is a non-starter...



On my phone and can't link it but the White House is on twitter claiming $1Trillion in Gov't spending cuts last year






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Interception
Providence Fan
Member since Nov 2008
11089 posts

re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


I think everyone knows the deal is going to be 1.2 trill in cuts for 1.2 trill in revenues.







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jamboybarry
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I Putt Out
Member since Feb 2011
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re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


quote:

White House is on twitter claiming $1Trillion in Gov't spending cuts last year


yeah for the drawdowns in Iraq/Afghanistan which have been planned since Bush.






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GumboPot
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Member since Mar 2009
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re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


Should the GOP allow a vote in the House on exactly what Obama campaigned on and simply vote present on the matter? This way it passes and each rep can deny they voted for tax increases...and when we hit the double dip Obama will own it.





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Interception
Providence Fan
Member since Nov 2008
11089 posts

re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


quote:

The White House does not believe in government spending cuts, so this is a non-starter...


Rhetorically, Republicans still look like sympathetic panders of the rich. Most of the rich didn't vote Republican, wtf are they defending these people?



This post was edited on 12/3 at 2:23 pm


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ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
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re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


quote:

House wants $800b in new taxes (eliminating loopholes, deduction limits),

pres wants $1.6T House wants $1.2B in cuts, Pres wants $600b in cuts, + $200B in stimulus spending and no more debt limit


Yeah, they're still pretty far apart. There is a deal to be had though so no one should walk away from the table.






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pistolpete23
In the present
Member since Dec 2007
3806 posts

re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


quote:

yeah for the drawdowns in Iraq/Afghanistan which have been planned since Bush.



So it is Bush's fault






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ZereauxSum
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Member since Nov 2008
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re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


quote:

I think everyone knows the deal is going to be 1.2 trill in cuts for 1.2 trill in revenues.


It's pretty obvious to everyone but the a-holes in congress and that one in the White House.






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dewster
Maryland Fan
Tennessee
Member since Aug 2006
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re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


WH poisioned the well for Obamacare, and it still seems to be pretty bad today. They have very little motivation to work with republicans.





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Interception
Providence Fan
Member since Nov 2008
11089 posts

re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


quote:

Should the GOP allow a vote in the House on exactly what Obama campaigned on and simply vote present on the matter? This way it passes and each rep can deny they voted for tax increases...and when we hit the double dip Obama will own it.


Give him everything he wants IMO

You know where we are going regardless. Europe is going to drag everyone down, but the GOP can just pin it on Obama's policies #strategery






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CajunAngele
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Member since Oct 2012
11168 posts

re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


quote:

3:19PM EST December 3. 2012 - President Obama urged Twitter followers on Monday to lobby Congress for a debt reduction deal that includes higher taxes on the wealthy.

"Keep pressure on Congress," Obama tweeted during a chat that was part of the White House "My2K" Twitter campaign to drum up support for its position in the fiscal cliff debate.

The "My2K" hashtag refers to more than $2,000 in extra taxes that average American families would pay if the government falls off the cliff and a series of tax cuts expire at the start of 2013.


quote:

The White House ?@whitehouse

hey guys - this is barack. ready to answer your questions on fiscal cliff & #my2k. Let's get started. -bo



quote:

David Osteen ?@davidosteen

@BarackObama Mr. President, Why not place more emphasis on reducing government spending, than on raising revenues? #My2K #WHChat


Go post what you think at #My2K. It will be as successful as AttackWatch! I am sure.

Van Jones pimping outright for his Obama.

LINK-#My2K




This post was edited on 12/3 at 2:39 pm


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ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
7914 posts

re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


quote:

They have very little motivation to work with republicans.


I would say that neither side has shown much motivation given the gravity of what's about to happen,

The Rs kind of extended and olive branch by going on record as being open to new revenue, but not really because that was coming anyway. And they're going to have to give up on the taxes on the affluent.

OTOH, the prez needs to GTFO with this debt ceiling bull shite and his piddling spending cut offer.






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Edearl Watson
Florida Fan
Shores of Caloosa
Member since May 2012
2777 posts

re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff"


It's Europe's fault Obama and the Democrats spend like a drunken sailor....right?


This post was edited on 12/3 at 2:36 pm


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