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BOHICA Obama
Here it is.
House GOP makes a $2.2 trillion debt counteroffer to Obama on cliff - The Hill
House Republican leaders have made a counteroffer to President Obama in the fiscal cliff negotiations, proposing to cut $2.2 trillion with a combination of spending cuts, entitlement reforms and $800 billion in new tax revenue.
The leaders delivered the offer to the White House on Monday with a three-page letter signed by Speaker John Boehner (R-Ohio), Majority Leader Eric Cantor (R-Va.), and four other senior Republicans, including Rep. Paul Ryan (R-Wis.), the partys just-defeated vice presidential nominee.
Republican officials said the offer was based on a proposal outlined by Erskine Bowles, the former chief of staff to President Clinton, in testimony last year before the congressional supercommittee on deficit reduction. That offer is distinct from the widely-cited Simpson-Bowles deficit plan released two years ago.
The GOP offer is a response to Obamas opening bid, which called for $1.6 trillion in tax increases and reducing the power of Congress to block an increase in the debt ceiling.
What we are putting forward is a credible plan that deserves serious consideration by the White House, Boehner told reporters in a brief appearance at the Capitol. He said he hoped the administration would respond in a timely manner.............
House GOP makes a $2.2 trillion debt counteroffer to Obama on cliff - The Hill
House Republican leaders have made a counteroffer to President Obama in the fiscal cliff negotiations, proposing to cut $2.2 trillion with a combination of spending cuts, entitlement reforms and $800 billion in new tax revenue.
The leaders delivered the offer to the White House on Monday with a three-page letter signed by Speaker John Boehner (R-Ohio), Majority Leader Eric Cantor (R-Va.), and four other senior Republicans, including Rep. Paul Ryan (R-Wis.), the partys just-defeated vice presidential nominee.
Republican officials said the offer was based on a proposal outlined by Erskine Bowles, the former chief of staff to President Clinton, in testimony last year before the congressional supercommittee on deficit reduction. That offer is distinct from the widely-cited Simpson-Bowles deficit plan released two years ago.
The GOP offer is a response to Obamas opening bid, which called for $1.6 trillion in tax increases and reducing the power of Congress to block an increase in the debt ceiling.
What we are putting forward is a credible plan that deserves serious consideration by the White House, Boehner told reporters in a brief appearance at the Capitol. He said he hoped the administration would respond in a timely manner.............
