TYT: GOP Outraged! Obama's Budget Proposal Rejected

[WhoIsNumberNone]

Republicans familiar with a new White House offer on avoiding the so-called fiscal cliff say it looks almost exactly like President Barack Obama's budget proposal last February.

GOP aides say Treasury Secretary Tim Geithner presented an offer calling for $1.6 trillion in new tax revenue over the coming decade, extending the 2 percentage point payroll tax deduction or something comparable to it and $50 billion in stimulus spending on infrastructure projects.

The White House plan calls for $960 billion over the coming decade by increasing tax rates and taxes on investment income on upper-bracket earners and $600 billion in additional taxes. Republicans view the offer as a step backward with the fiscal cliff -- an economy-rattling set of automatic spending cuts and tax increases -- looming at years' end."*

Cenk Uygur, John Iadarola (Host, TYT University) and Mark thompson (TV Host) discuss the Republican reaction to Obama's budget proposal. Should they be outraged if Obama made his intentions no secret? Should Obama be expected to negotiate with himself?

*Read more from Andrew Taylor/ AP via Huffington Post:
http://www.huffingtonpost.com/2012/11/29/fiscal-cliff-2012_n_2214264.html

[elbloggoZY27]

1. Mirror Image

The GOP are the absolute offenders on the Budget for the United States. Their disrespect of the President and the people of the United States in whole. This is not a Democratic, Republican issue but a issue of a Country being hurt by one Group who think of themselves only.

We are not a one Party controlled Country.

The GOP argument is moot on the whole subject of Tax's, Entitlements and Jobs.

This is why the GOP did not take the White House in 2012 and we are very lucky that they failed.

[geckosfeet]

2. Interesting discussion. But no, repuglyants have no reason to be "outraged"

they do have reason to be concerned though - like they need to get a plan on the table asap and they got nothing

No - the president SHOULD NOT negotiate with himself. Letting the tax cuts expire is ok in my book. The president (Geitner) presented a plan that American people generally support, time for the repuglycants to put up or shut up.

I think letting the tax cuts expire is their (the repuglycants) best option at this point. Then at least they can try to share the blame. If they start putting out plans that cut deeply into medicare, social security, food stamps and lower/middle class tax relief they are gonna piss off a lot more people. And the savings proposed by those cuts will be negligible compared to tax increases on income over $250k.

I also want to see a proposal for tax increases on interest income out of the white house. But maybe they should keep card back for now....

[plethoro]

3. If that payroll tax is extended again, it will

NEVER be reversed and that will be the beginning of the end of Social Security. I said what would happen when the payroll tax cut was first implemented, as did others. We are being gamed under the guise of political posturing.

[dballance]

4. Rethugs would be shocked and outraged no matter what Obama presents

He could present a budget entitled "On Ending Social Security, Medicare, Medicaid and Unemployment Benefits" and they'd still be in front of the cameras deriding him.