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Interception
Providence Fan
Member since Nov 2008
9224 posts
| House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:04 pm)
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quote:
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
2444 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:05 pm to Interception)
Go Good guys!!!!
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kywildcatfanone 
Kentucky Fan
Wildcat Country!
Member since Oct 2012
6868 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:07 pm to Interception)
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
LSU Fan
The Delta
Member since Jan 2008
6347 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:09 pm to kywildcatfanone)
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
Philly
Member since Apr 2010
33584 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:10 pm to Interception)
Obama will ignore it.
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Queen
LSU Fan
383 miles from Death Valley
Member since Nov 2009
2436 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:12 pm to Interception)
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
4497 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:14 pm to kywildcatfanone)
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
LSU Fan
In the present
Member since Dec 2007
3111 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:15 pm to kywildcatfanone)
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
9224 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:17 pm to tigeraddict)
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
LSU Fan
Rill talk
Member since Feb 2011
8422 posts
 Online
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:17 pm to pistolpete23)
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
LSU Fan
Saints Fan
Member since Mar 2009
17706 posts
Online
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:17 pm to Interception)
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
9224 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:21 pm to kywildcatfanone)
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
Atlanta, GA
Member since Nov 2008
5921 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:23 pm to tigeraddict)
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
LSU Fan
In the present
Member since Dec 2007
3111 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:24 pm to jamboybarry)
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
LSU Fan
Atlanta, GA
Member since Nov 2008
5921 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:25 pm to Interception)
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
TN
Member since Aug 2006
4746 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:29 pm to ZereauxSum)
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
9224 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:31 pm to GumboPot)
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
LSU Fan
Member since Oct 2012
5858 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:33 pm to Interception)
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
Atlanta, GA
Member since Nov 2008
5921 posts
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:33 pm to dewster)
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
Sopchoppy, Fla.
Member since May 2012
1198 posts
Online
| re: House Republicans make 2.2 Trillion Counter Offer on "Fiscal Cliff" (Posted on 12/3/12 at 2:35 pm to Interception)
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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