Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Dems seek $1 trillion tax hike,$3 trillion deficit cuts in supercommittee-$500 billion from Medicare

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
stockholmer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:14 PM
Original message
Dems seek $1 trillion tax hike,$3 trillion deficit cuts in supercommittee-$500 billion from Medicare
http://thehill.com/homenews/senate/190103-dems-seek-1t-...

Democrats have proposed more than $1 trillion of tax increases in a $3 trillion deficit-reduction plan that they dropped with a thud onto the negotiating table of Congresss supercommittee.

The plan proposed Tuesday by Senate Finance Committee Chairman Max Baucus (D-Mont.) and backed by a majority of Democrats on the panel was presented as a grand bargain that cuts entitlements, stimulates the economy and goes much further than the $1.2 trillion deficit cut required under the August debt-ceiling deal. More than 50 percent of the deficit reduction in the plan would come from tax increases, one source said.

Republicans instantly rejected the offer. Aides dismissed the plan as unserious and said the inclusion of tax increases and stimulus spending shows it is merely a political ploy meant to paint the GOP as intransigent.

Democratic aides said the GOP is once again walking away from a grand bargain that would put the U.S. on a solid fiscal ground, noting that Medicare cuts unpopular with the liberal base, reportedly totaling around $500 billion, were included in the deal.


snip
Printer Friendly | Permalink |  | Top
StandingInLeftField Donating Member (382 posts) Send PM | Profile | Ignore Thu Oct-27-11 02:15 PM
Response to Original message
1. 500 B...illion!
That's an awful lot of billions...
Printer Friendly | Permalink |  | Top
 
indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:48 PM
Response to Reply #1
5. Isn't that tantamount to a +/- $2,000 year tax increase for a couple on
Medicare?
Printer Friendly | Permalink |  | Top
 
dtexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:20 PM
Response to Original message
2. Thank goodness the Repukes walked away from this bluedog giveaway.
The Rethugs are too extreme to enter a cavern where Dems are caving.
Printer Friendly | Permalink |  | Top
 
msongs Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:22 PM
Response to Reply #2
3. of course, they know obama & co will be back with an even greater cave in as usual nt
Printer Friendly | Permalink |  | Top
 
truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:48 PM
Response to Original message
4. 500 Billion dollars of money from MediCare? No wonder OWS has
become a movement in over 320 cities. And on six continents!

Don't forget - the language of the "Affordble Health Care Act" of 2009 already demands that some 500 billions of dolars be cut from MediCare!

So this is one trillion dollars!

Printer Friendly | Permalink |  | Top
 
progressoid Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:49 PM
Response to Original message
6. Jebus. Image how shitty this will be when the "compromise" is reached
Printer Friendly | Permalink |  | Top
 
OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:57 PM
Response to Reply #6
7. That was my initial thought n/t
Printer Friendly | Permalink |  | Top
 
quinnox Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 03:01 PM
Response to Reply #6
9. lol, yea, this is just for openers
"Alright, GOP, we will agree to a trillion in social spending cuts and a temporary extension of the Bush tax cuts until 2020, you guys drive a hard bargain!"
Printer Friendly | Permalink |  | Top
 
defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:59 PM
Response to Original message
8. Two party collusion is paying off for Corporations/elites/MIC/CIA -- !!
Printer Friendly | Permalink |  | Top
 
Mojorabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 03:55 PM
Response to Original message
10. I can't tell you all how angry this makes me. nt
Printer Friendly | Permalink |  | Top
 
Scuba Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 04:39 PM
Response to Original message
11. Bullshit. Those aren't Democrats, they're Republicans pretending to be Democrats. n/t
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat Apr 19th 2014, 12:59 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC