|
willbeurdaddy -> RE: Tick tock...Automatic spending cuts for the US. (11/21/2011 3:11:02 PM)
|
quote:
ORIGINAL: housesub4you
They keep asking to make the temp Bush tax cuts permanent....Here is a time line of the stupper committe....seems the GOP has really only offered tax cuts to the top 1% and everybody else pays more Remember when this all started and Bonner said...Well we got 98% of what we wanted but it is still not good enough........
February 14, 2011: President Barack Obama submits budget for 2012 with about $2 trillion in deficit reduction, half of which come from spending cuts.
April 15, 2011: House passes Rep. Paul Ryan’s (R-WI) budget, which includes $5.8 trillion in spending cuts along with tax cuts for the richest Americans.
May 5, 2011: Vice President Joe Biden begins debt talks.
May 11, 2011: Speaker John Boehner (R-OH) says he will not raise debt limit without spending cuts that match how much the limit is raised.
June 23, 2011: Majority Leader Eric Cantor (R-VA) walks away from debt ceiling talks with Biden after refusing to consider any tax increases. The administration had offered $2.4 trillion in spending cuts for $400 billion in taxes, an 83:17 split.
July 7, 2011: Obama and Boehner begin debt-ceiling negotiations.
July 9, 2011: Boehner walks away from Obama’s “grand bargain”: $4 trillion in debt reduction comprised of $1 trillion in revenue and $3 trillion in spending cuts, including entitlement reforms.
July 19, 2011: The Gang of Six proposes a $4 trillion deficit reduction plan, including $2 trillion in revenue.
July 22, 2011: Again, Boehner walks away from negotiations after Obama offers $1.2 trillion in revenues and $1.6 trillion in spending cuts, including entitlements.
July 31, 2011: Debt ceiling agreement is reached, cutting $1 trillion in spending immediately and establishing the super committee to reduce deficits by at least an additional $1.2 trillion.
October 26, 2011: Democrats first super committee offer is $3 trillion in deficit reduction comprised of about $1.3 trillion in revenues and $1.7 trillion in spending cuts, including cuts to Medicare and Medicaid. Republicans immediately reject it. Republicans’ first super committee offer is $2.2 trillion in deficit reduction, which includes no new tax revenues.
November 8, 2011: Republicans’ second super committee offer is $1.5 trillion in deficit reduction. It does include $300 billion in new tax revenue, but in exchange for extending the Bush tax cuts and lowering the top tax rate. The plan would ultimately cut taxes for the wealthy and raise them for everyone else.
November 10, 2011: Democrats’ second offer is $2.3 trillion in deficit reduction, consisting of $1.3 trillion in spending cuts and $1 trillion in revenue. The revenue would be split between $350 billion in concrete measures and $650 billion in future tax reform. Republicans reject it.
November 11, 2011: Democrats agree to Republicans’ top lines including just $400 billion in revenues and $875 billion in spending cuts, but refuse to accept the GOP’s tax cut for the rich. Republicans reject it and make their final offer: $640 billion in spending cuts and $3 billion in revenues.
The GOP discussed letting ALL of the Bush tax cuts expire, (you know, the ones that favored the rich), but the Dems would have no part of it. Why? Because it hurt the non-rich too much.
Clowns.
|
|
|
|
