House GOP make their "fiscal cliff" counteroffer
We need to get this to the Fiscal Cliff! What could go wrong? by DonkeyHotey
License (according to Flickr): Attribution License
License (according to Flickr): Attribution License
House Speaker John Boehner and House Republicans have offered a counter-proposal to the latest White House offer to avert the "fiscal cliff," by raising $800 billion in tax revenue and cutting entitlement spending. The proposal, which is based on an idea offered by Joint Committee on Deficit Reduction Co-chair Erskine Bowles during that panel's deficit negotiations, would achieve $2. 2 trillion in deficit reduction by cutting $900 billion in spending from programs like Medicare and reforming how cost of living adjustments are calculated for Social Security payments. In addition, it would raise $800 billion in tax revenue through tax reform. Senior Republican staffers said that those savings could be achieved without raising tax rates, as President Obama demands.
People:
House Speaker John Boehner
Overall Sentiment: 0.301542
Relevance: 0.548901
| Sentiment | Quote |
|---|---|
| 0.132973 | He said that while Republicans could have responded by just sending the House Republican budget, they decided to put forth 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." |
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Disambiguation: Politician | OfficeHolder | U.S.CongresspersonReferences:
Bowles
Overall Sentiment: 0.276016
Relevance: 0.425591
| Sentiment | Quote |
|---|---|
| 0.218509 | "While I'm flattered the Speaker would call something 'the Bowles plan,' the approach outlined in the letter Speaker Boehner sent to the President does not represent the Simpson-Bowles plan, nor is it the Bowles plan," Bowles wrote ... |
| 0.0303323 | "While I'm flattered the Speaker would call something 'the Bowles plan,' the approach outlined in the letter Speaker Boehner sent to the President does not represent the Simpson-Bowles plan, nor is it the Bowles plan," Bowles wrote in a statement. "In my testimony before the Joint Select Committee on Deficit Reduction, I simply took the mid-point of the public offers put forward during the negotiations to demonstrate where I thought a deal could be reached at that time. "The Joint Select Committee failed to reach a deal, and circumstances have changed since then. It is up to negotiators to figure out where the middle ground is today. Every offer put forward brings us closer to a deal, but to reach an agreement, it will be necessary for both sides to move beyond their opening positions and reach agreement on a comprehensive plan which avoids the fiscal cliff and puts the debt on a clear downward path relative to the economy." |
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Dan Pfeiffer
Overall Sentiment: -0.0599217
Relevance: 0.379603
| Sentiment | Quote |
|---|---|
| 0.210592 | "In fact, it actually promises to lower rates for the wealthy and sticks the middle class with the bill," he said ... |
| 0 | "In fact, it actually promises to lower rates for the wealthy and sticks the middle class with the bill," he said in a written statement. "Their plan includes nothing new and provides no details on which deductions they would eliminate, which loopholes they will close or which Medicare savings they would achieve. Independent analysts who have looked at plans like this one have concluded that middle class taxes will have to go up to pay for lower rates for millionaires and billionaires." |
| 0.149667 | "Until the Republicans in Congress are willing to get serious about asking the wealthiest to pay slightly higher tax rates, we won't be able to achieve a significant, balanced approach to reduce our deficit our nation needs," Pfeiffer added. ... |
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Sen. Graham
Overall Sentiment: 0
Relevance: 0.242056
Mr. Obama
Overall Sentiment: 0
Relevance: 0.222688
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Webpage Provided Title:
House GOP make their "fiscal cliff" counteroffer
Provided Desc:
The GOP's proposal, laid out in a letter to the White House, includes tax reforms and cutting entitlements
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- fiscal cliff
- house gop
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