The Cellar - View Single Post - No more government

Fair&Balanced · 04-08-2011, 10:09 AM

Lets look at it another way and focus on the federal budget and debt reduction.

A Congressional Research Service report last year put the cost of permanently extending the Bush tax cuts, particularly on the top bracket, at $5+ trillion over the next ten years:

http://www.scribd.com/doc/40488953/B...Cuts-crs-10-27

The Democrats have agreed to $30+ billion in savings for the short term budget resolution. The Republicans refuse to consider any tax increases.

In the longer term, the Republican proposal (Ryan's proposal) would lower the tax rate even more, down to 25%

To deal with the debt honestly will require both significant spending cuts and tax increases, with the most effective, and least harmful to most Americans, tax increase being to end the Bush tax cuts on the top bracket.

As Ibram also noted, the issue holding up the current deal is not spending cuts, but policy issues, particularly the attempt by the Republicans to prohibit the EPA from implementing Clean Air Act regulations and in their words, "addressing the issue of government funded abortions" and Planned Parenthood, despite the fact that no federal funds are used for abortion.

04-08-2011, 10:09 AM	#4
Fair&Balanced Operations Operative Join Date: Feb 2011 Posts: 495	Lets look at it another way and focus on the federal budget and debt reduction. A Congressional Research Service report last year put the cost of permanently extending the Bush tax cuts, particularly on the top bracket, at $5+ trillion over the next ten years: http://www.scribd.com/doc/40488953/B...Cuts-crs-10-27 The Democrats have agreed to $30+ billion in savings for the short term budget resolution. The Republicans refuse to consider any tax increases. In the longer term, the Republican proposal (Ryan's proposal) would lower the tax rate even more, down to 25% To deal with the debt honestly will require both significant spending cuts and tax increases, with the most effective, and least harmful to most Americans, tax increase being to end the Bush tax cuts on the top bracket. As Ibram also noted, the issue holding up the current deal is not spending cuts, but policy issues, particularly the attempt by the Republicans to prohibit the EPA from implementing Clean Air Act regulations and in their words, "addressing the issue of government funded abortions" and Planned Parenthood, despite the fact that no federal funds are used for abortion.