Posted on 11/25/2011 7:17:33 PM PST by Innovative
We do not choose to add more to the blame game for failure of the Joint Select Committee on Deficit Reduction , but one Democratic talking point needs debunking: that the talks failed because of Republicans’ attachment to the Bush tax cuts.
The untold story of the negotiations is the significance of the Republican offer of fundamental tax reform. It is critical to understand the interplay between the proposal (dubbed the "Toomey plan") and existing tax law.
At no time in the negotiations did the Democratic committee members drop their insistence that, one way or the other, any deal had to include a trillion dollars in new taxes. Republicans believe that would kill job creation and economic recovery. In the long run, a strong economy producing more wealth (and, therefore, more tax revenue) is how we will both reduce the deficit and regain the prosperity that all Americans deserve.
The writers are the Republican members of the Joint Select Committee on Deficit Reduction. Jon Kyl is a senator from Arizona. Rob Portman is a senator from Ohio. Pat Toomey is a senator from Pennsylvania. Jeb Hensarling is a representative from Texas. Fred Upton and Dave Camp are representatives from Michigan.
(Excerpt) Read more at washingtonpost.com ...
My tagline, until recently read: “When I find out a person is a Democrat, I lose all respect for them.” And, that’s not just a tagline, that’s the truth!!!
Add to that the supporters of GOP RINOS making excuses for same. So it goes.
IIRC, nothing was to take effect until 2013. That is after the next congress and president are sworn in.
There will be no draconian cuts.
I can’t believe that the stupid Republicans still believe that the Democrats ever negotiate in good faith.
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