"New" GOP budget plan

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Cut taxes on the rich and corporations again...where have we heard this before? :palm:

House Republicans, seizing on what they hope is a potent campaign issue in the midst of a muddled political and economic landscape, will introduce a 2013 budget Tuesday that cuts tax rates and provides for two individual brackets of 10% and 25%.


The budget would end the Alternative Minimum Tax.

The plan would nearly eliminate U.S. taxes on American corporations' earnings from overseas operations.




http://online.wsj.com/article/SB10001424052702304636404577291830334896896.html
 
Seeing as the Democrats, that OWN 2/3 of the government, the Presidency and the Senate, have not come up with a bidget of their own in over 3 years, its nice to have something, even if it could be better.......
 
not to mention that the president still hasn't identified the domestic cuts he owes as payment for the compromise on last year's budget.......and this year looks even less promising given that the budget deadline falls right before the election......
 
bravo said:
Seeing as the Democrats, that OWN 2/3 of the government, the Presidency and the Senate, have not come up with a bidget of their own in over 3 years, its nice to have something, even if it could be better.......
Click to expand...


The President has put out a budget every year. Congress hasn't passed one, though. Instead, they get into pissing matches and standoffs and showdowns and agree to fund the government though different processes.


The Ryan Budget will be interesting more for what it doesn't have than for what it has. I'd love to see what hard tough choices, if any, Ryan actually makes to get the numbers to actually work. Like, for example, this whole tax reform thing. Two tax brackets is neat, but, like, who pays what and how do you pay for these cuts -- what specific "loopholes" are you getting rid of?
 
General Buck Turgidson said:
The President has put out a budget every year. Congress hasn't passed one, though. Instead, they get into pissing matches and standoffs and showdowns and agree to fund the government though different processes.


The Ryan Budget will be interesting more for what it doesn't have than for what it has. I'd love to see what hard tough choices, if any, Ryan actually makes to get the numbers to actually work. Like, for example, this whole tax reform thing. Two tax brackets is neat, but, like, who pays what and how do you pay for these cuts -- what specific "loopholes" are you getting rid of?
Click to expand...
The Devil is in the details.
 
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