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Sun Dec 30, 2012, 07:24 PM

Manchin introduces bill to ‘ease’ cliff

Source: Washinton Post Blog

Sen. Joe Manchin (D-W.Va.) has introduced a new bill that he says would soften the impact of going over the fiscal cliff.

It’s called the Cliff Alleviation at the Last Minute (CALM) Act, and Manchin says he’s not happy to author it.

“This is not a great plan, merely a better plan than going over the cliff,” Manchin said in a floor speech. “It should never have come to this.”

The measure would phase in the looming tax increases over three years, rather than all at once, and allow the Office of Management and Budget to pick which programs would be cut rather than having the across-the-board cuts contained in sequestration.

Read more: http://www.washingtonpost.com/blogs/post-politics/wp/2012/12/30/manchin-introduces-bill-to-ease-cliff/

15 replies, 2477 views

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Arrow 15 replies Author Time Post
Reply Manchin introduces bill to ‘ease’ cliff (Original post)
Keefer Dec 2012 OP
awake Dec 2012 #1
Owl Dec 2012 #2
cstanleytech Dec 2012 #7
Panasonic Dec 2012 #3
Angry Dragon Dec 2012 #4
Paulie Dec 2012 #5
Va Lefty Dec 2012 #6
alcibiades_mystery Dec 2012 #8
Lasher Dec 2012 #14
bucolic_frolic Dec 2012 #9
adieu Dec 2012 #10
LiberalFighter Dec 2012 #11
plethoro Dec 2012 #12
Lasher Dec 2012 #13
rucky Dec 2012 #15

Response to Keefer (Original post)

Sun Dec 30, 2012, 07:28 PM

1. Great idea

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Response to Keefer (Original post)

Sun Dec 30, 2012, 07:29 PM

2. Lousy idea.

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Response to Owl (Reply #2)

Sun Dec 30, 2012, 08:08 PM

7. Would you expand on why you believe its a "Lousy idea."?

Is it because the decisions would be made by the Office of Management and Budget? If so then what if they made the CBO the office decide instead?

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Response to Keefer (Original post)

Sun Dec 30, 2012, 07:33 PM

3. Lousy idea.

 

Let's wait until Jan 3rd before introducing anything.

Reid said the Senate is not voting for the fiscal cliff bill tonight - and this ain't it.

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Response to Panasonic (Reply #3)

Sun Dec 30, 2012, 07:35 PM

4. I agree with posts #2 and #3

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Response to Keefer (Original post)

Sun Dec 30, 2012, 07:40 PM

5. Keeping power dry doesn't mean hand the powder to the other side.

Sigh

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Response to Keefer (Original post)

Sun Dec 30, 2012, 08:00 PM

6. Sounds like a plan to exempt Defense budget cuts

If that's what it is, Bad Idea!

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Response to Keefer (Original post)

Sun Dec 30, 2012, 08:19 PM

8. Dumb...Manchin's a moron

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Response to alcibiades_mystery (Reply #8)

Mon Dec 31, 2012, 04:54 AM

14. No, he's not dumb.

He's ambitious.

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Response to Keefer (Original post)

Sun Dec 30, 2012, 08:32 PM

9. Incrementalism is a Softer Approach

and I'm surprised no one has tried it with all the fixed positions
floating around.

Can't do the deal? Soften the ideological purity.

Go for 3 months incrementally at 10-20% off the fixed points.

In both directions. Sure it delays the problem, but it avoids the
so called cliff.

As it is, neither side is talking with the other side, or at least neither
is understanding the other side.

And phasing in the tax increases (aka phasing out the Bush Tax Cuts gradually)
might be a sane approach to the economic recovery.

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Response to Keefer (Original post)

Sun Dec 30, 2012, 08:35 PM

10. Bad idea

Would allow them to phase in the high-income earners' tax increases last, and also allows the OMB to cut the essential items instead of the DoD items.

I personally want the cliff to happen. That would make those changes that we want, but nobody wants to be responsible for.

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Response to Keefer (Original post)

Sun Dec 30, 2012, 08:53 PM

11. I question anything that Manchin has to offer.

I don't trust his motives.

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Response to Keefer (Original post)

Sun Dec 30, 2012, 09:54 PM

12. Totally stupid. It kicks tax increases for the rich down the road and spares defense. No way

 

should this be considered. Is Manchin a DINO?

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Response to plethoro (Reply #12)

Mon Dec 31, 2012, 04:17 AM

13. Yes, Manchin is a DINO.

And he's looking to get attention on the national stage.

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Response to Keefer (Original post)

Mon Dec 31, 2012, 07:00 AM

15. That would assure a standoff every 3-6 months for the next 3 years. n/t

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