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Topic: Senate fiscal proposal:
$620B in tax hikes,
$15B in spending cuts |
Senate fiscal proposal:
$620B in tax hikes,
$15B in spending cuts
Fox News, by Staff
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Original Article
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Posted By:JoniTx, 1/1/2013 7:03:56 AM
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| While senators were aiming for an early morning vote on their in-the-works fiscal deal, calculations from congressional number-crunchers quickly raised questions about how House Republicans would take it. In short, according to rough calculations forwarded by a source close to the talks, the proposal would include $620 billion in new tax hikes and $15 billion in net spending cuts. That kind of lopsided ratio could turn off House conservatives, presuming the bill clears the Senate. One Republican predicted House leaders may only be able to attract 70 Republicans in the chamber.
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Comments:
Ed Henry and Chad Pergram contributed
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Reply 1 - Posted by:
gasmeterguy, 1/1/2013 7:16:07 AM (No. 9092709)
I hope this does not pass the House. Spending cuts have been kicked down the road too many times. Get the spending cuts and you would not need to raise taxes.
But I would really like to see the Republicans shut the government down.
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Reply 2 - Posted by:
mws50, 1/1/2013 7:18:28 AM (No. 9092712)
Cut spending. Do not raise taxes.
This is not difficult to understand.
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Reply 3 - Posted by:
Mr. Hanky, 1/1/2013 7:30:02 AM (No. 9092722)
Tax hikes now and spending cuts never... What a joke. This Administration has done all it can to kill the economy with regulations and tax increases, the article doesn´t even figure in the $1 trillion in Obamacare tax increases. Vote it down House.
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Reply 4 - Posted by:
DCGIRL, 1/1/2013 7:30:39 AM (No. 9092723)
Something is going to have to give soon. You can´t keep spending at this rate.
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Reply 5 - Posted by:
hamrman, 1/1/2013 7:42:58 AM (No. 9092735)
This is sad...I agree with #2, it is a no-brainer. We are expected to run our household budgets responsibly, why can´t our politicians show some intelligence and do the same with our country´s finances?
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Reply 6 - Posted by:
Sfacheem, 1/1/2013 8:00:13 AM (No. 9092753)
I don´t care about the tax hikes. But the spending "cuts" are a total joke. These are not real cuts and provide no light at the end of the tunnel that justifies the tax increase.
Shoot this turkey down.
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Reply 7 - Posted by:
Spidey, 1/1/2013 8:10:30 AM (No. 9092766)
I´m no constitutional scholar but from what I understand,tax bills need to originate in the House not the senate so I don´t even know how the senate bill passes that test.To me,plan B should be the waterline for the tax increase,meaning a million or more a year.
The tax increases are noting but Obama symbolism anyway and could make potential job creators crawl back in a hole. Is it really worth doing business in thei country anymore?Only if it´s government subsidized with blessed Obama dollars.
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Reply 8 - Posted by:
franq, 1/1/2013 9:22:30 AM (No. 9092865)
Sounds fair to me. Probably the "best we could get". Not.
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Reply 9 - Posted by:
Jntsrgn, 1/1/2013 10:39:52 AM (No. 9093005)
Poster #6 and #7 are drawing tax lines that obviously exclude themselves. You two are part of the selfish, jealous problem.
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Reply 10 - Posted by:
Grambo, 1/1/2013 12:04:43 PM (No. 9093148)
Republicans to Obama: You don’t need more of other people’s money, you just need to spend less of it. Call us when you have a budget that does that. In the meantime, happy cliff diving. Don’t hurt yourself.
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Reply 11 - Posted by:
Coy860, 1/1/2013 12:11:51 PM (No. 9093156)
Obama needs to enter a re-hab to stop his addiction of spending OPM.
This would at least give American businesses a chance to GROW..stop making the pieces of pie smaller for all Americans, time to bake a bigger pie. The only chance our kids and grandkids have is for US, right now, to grow our way out of this mess.
Don´t forget the Congress slight of hand..automatic spending increases are built in to all spending..reducing the % of the automatic increase is called a "cut".
We are not fooled.
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Reply 12 - Posted by:
bob913, 1/1/2013 7:29:37 PM (No. 9093672)
Drudge has a photo of Boehner strutting thru the reporters. He has already made a secret deal. I expect that he was bribed like John Roberts.
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