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Mon Dec 3, 2012, 04:52 PM

color me shocked!!!! House GOP proposal on fiscal cliff rejects Obama's tax plan

Washington (CNN) -- Negotiations on a deal to avoid the fiscal cliff got a jump-start on Monday with House Republicans offering a counter-proposal to President Barack Obama, but continuing to reject his call for higher tax rates on the wealthy.

The GOP proposal would result in $2.2 trillion in deficit savings over the next decade, including $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 told reporters.

House Speaker John Boehner called it a "credible plan that deserves serious consideration by the White House."

House GOP offers fiscal cliff counterproposal

The move followed a weekend of accusations by both sides that the other was not serious about reaching a deal to avoid the automatic tax hikes and spending cuts scheduled to take effect January 1 -- what is known as the fiscal cliff that economists say will damage U.S. growth.

http://www.cnn.com/2012/12/03/politics/fiscal-cliff/index.html






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Reply color me shocked!!!! House GOP proposal on fiscal cliff rejects Obama's tax plan (Original post)
spanone Dec 2012 OP
leftstreet Dec 2012 #1
rbixby Dec 2012 #2

Response to spanone (Original post)

Mon Dec 3, 2012, 04:53 PM

1. There is no fiscal cliff n/t

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Response to spanone (Original post)

Mon Dec 3, 2012, 05:15 PM

2. At least its something

Its hard to have a negotiation when the other side offers nothing but rejections for your plan.


Looks like a nonstarter to me though.

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