Dems Rebuff GOP Tax Proposal as 'Insane'

[Hissyspit]

Source: NBC News San Diego

Dems rebuff GOP tax proposal as 'insane'

By NBC's Libby Leist and Frank Thorp

With two weeks left to reach a deal, Republican members of the supercommittee are offering to increase tax revenue by nearly $300 billion dollars in what GOP aides say is a "significant concession" to Democrats.

Senator Pat Toomey (R-PA) laid out the proposal during a meeting Monday night with Sens. Rob Portman (R-OH), John Kerry (D-MA) and Max Baucus (D-MT), and Reps. Chris Van Hollen (D-MD), Dave Camp (R-MI) and Fred Upton (R-MI).

Republicans say the new revenue would come from limits on itemized tax deductions. The money captured from the tax overhaul would be used to lower the top individual tax rate to 28 percent and toward deficit reduction, aides say. Republicans also want to make the Bush tax cuts permanent.

The breakdown, according to aides: $250 billion from limits on itemized tax deductions, such as the mortgage interest deduction on second homes, and about $40 billion in money the government would save by changing the way it calculates who qualifies for government benefits ("chained CPI").

Read more: http://firstread.msnbc.msn.com/_news/2011/11/08/8705443-dems-rebuff-gop-tax-proposal-as-insane

[Autumn]

1. "significant concession" my ass

I really hate these fuckers.

[Hissyspit]

3. They want PERMANENT Bush Tax Cuts.

It is only insane if the Dems don't let them get away with it.

[PSPS]

4. The Bush/Obama tax cuts for the rich account for well over half the annual deficit.

[orpupilofnature57]

2. Relentless

[SoutherDem]

5. Once again give an inch and call it a mile

Let me get this right.
"$250 billion from limits on itemized tax deductions, such as the mortgage interest deduction on second homes" what are the other "such as"? They point out one that wouldn't apply to the poor but I know some who aren't really rich but own two homes, what else is in the bag that they aren't bragging about?
"The money captured from the tax overhaul would be used to lower the top individual tax rate to 28 percent and toward deficit reduction" so they are in the same action lowering taxes for the rich!
"About $40 billion in money the government would save by changing the way it calculates who qualifies for government benefits ("chained CPI")." Something which applies to the poor!
"Republicans also want to make the Bush tax cuts permanent." Of course they do.
It doesn't add up. $250B in limits on tax deductions, $40B from chained CPI is only $290B add to this lowering the top tax rate to 28% can't equal $300B.
The only way this won't raise the deficit would be to cut even more from the poor than if they didn't offer the deal.
This is sickening! How dare they offer such a deal. This is nothing but giving to the rich and taking from the poor.
Now, they will call Democrats unreasonable! "They met them half way" is how they will spin this. :grr:
Edited for spelling

[unkachuck]

6. in other words, chump the American people once again....

"...$40 billion in money the government would save by changing the way it calculates who qualifies for government benefits..."

....all these worthless fucks that derailed the country are now going to tell us how to put it back on track by handing more of our hard-earned tax dollars over to the rich as ransom....

....why would anyone believe anything these duplicitous Republican bastards would want to do, would have any lasting value for our country?

[droidamus2]

7. and if you believe that

your an idiot. This is typical Mepublican bs. Sure they will trade 'getting rid of' some of the personal deductions if the Democrats make the Bush tax breaks for the wealthy permanent. Okay, is anybody willing to make a bet that with a couple of years after making the tax break permanent those deductions (or those deductions under another name) would be back (at least those deductions that apply to the wealthy). HEY MEPUBLICANS!! You're not fooling anybody (except maybe yourselves) anymore!

[freshwest]

8. Any form of tax plan the GOP offers is an insult to the entire planet. Go back to hell, now.