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US House Speaker Boehner: last offer still on table (with $800B tax hike...)
Reuters ^ | 7/24/11 | Jeremy Pelofsky and Donna Smith

Posted on 07/24/2011 7:44:03 AM PDT by jimbo123

Republican U.S. House of Representatives Speaker John Boehner said on Sunday that he would prefer to unveil a bipartisan deal to raise the debt ceiling and that his last offer to Democratic President Barack Obama was still on the table.

-snip-

Boehner said his offer that included some $800 billion in new tax revenue and massive spending cuts was never withdrawn.

That plan was dubbed the "grand bargain" despite his decision to walk away from negotiations with Obama last week.

"I don't know, it may be pretty hard to put Humpty Dumpty back together again. My last offer is still out there. I've never taken my last offer off the table,"

(Excerpt) Read more at reuters.com ...


TOPICS: News/Current Events
KEYWORDS: debt; debtceiling; debtlimit; taxes
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To: Principled
The 800 B in new revenue comes from lower, flatter marginal rates and a broader base.

Can you provide a link to where Boehner said that or wrote that. Right, no-one but Boehner and Obama know where the new revenue is to come from - which is why people like Hugh Hewitt have been demanding that Boehner make his proposal public. Are you part of the house leadership, so that's how you know?

21 posted on 07/24/2011 8:07:37 AM PDT by vbmoneyspender
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To: Principled

Thank you for your sanity, and your courage to post it. As you say, lowering the tax rates will “raise” the taxes brought in to the treasury. It is axiomatic.

For some to characterize this as a tax hike is disingenuous at best. Of course there will be a hike in the amount of taxes collected when Laffer is employed. The fact of increasing the amount of taxes is incorrectly called a tax hike.

Gwjack

Again, thank you for your sanity and courage.


22 posted on 07/24/2011 8:07:43 AM PDT by gwjack (May God give America His richest blessings.)
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To: Principled
The 800 B in new revenue comes from lower, flatter marginal rates and a broader base.

Removing the home mortgage interest deduction is a huge tax increase on the middle class.

That's a net $200-$400 dollar a month in taxes to the IRS that the average middle class family still paying a mortgage would have to fork over.

23 posted on 07/24/2011 8:08:36 AM PDT by Rome2000 (OBAMA IS A COMMUNIST CRYPTO-MUSLIM)
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To: jimbo123
The $800 Billion comes from INCREASED TAX RATES on higher-income families and individuals.

The Bush tax cuts isn't something I've seen as a part of this. I would like to see that - got any kind of link? I'll look for one if you don't have it cuz I want that info.

AFAIK the increased revenue does NOT come from increased rates. It comes from broadening the base. 'Course i'm not in the room w/ them. I wish we were...

24 posted on 07/24/2011 8:08:42 AM PDT by Principled
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To: gwjack

How are tax rates lowered when this Boehner-Obama deal lets the Bush tax cuts expire?


25 posted on 07/24/2011 8:10:08 AM PDT by jimbo123
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To: Principled

Well said!

See post #17


26 posted on 07/24/2011 8:10:58 AM PDT by Bigun ("The most fearsome words in the English language are I'm from the government and I'm here to help!")
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To: jimbo123

Haven’t seen that anywhere. Maybe that was part of Obama’s last minute tax revenue increase that aborted things Friday?


27 posted on 07/24/2011 8:11:40 AM PDT by John W (Natural-born US citizen since 1955)
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To: Principled
The Bush tax cuts isn't something I've seen as a part of this.

It's all about the expiration of Bush tax cuts. That's why Cantor has gone ballistic on Boehner and McConnell.
28 posted on 07/24/2011 8:12:36 AM PDT by jimbo123
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To: Rome2000

Imagine what it will do to the real estate market when/if they eliminate the mortgage interest deduction.


29 posted on 07/24/2011 8:12:56 AM PDT by ladyjane
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To: jimbo123

Please show us how you know that to be a part of the speaker’s proposal.


30 posted on 07/24/2011 8:13:05 AM PDT by Bigun ("The most fearsome words in the English language are I'm from the government and I'm here to help!")
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To: tennmountainman
True, like all life long politicians he considers Washington dc home, and not dealing with all that unwashed Ohio rabble stench, would be such a relief for his crying towel.
31 posted on 07/24/2011 8:14:06 AM PDT by org.whodat (Speaker West, name sounds good.)
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To: Bigun

BS. The $800B in increased tax revenue comes from the expiration of the Bush tax cuts.

Funny how the Bonerheads won’t pay attention to Cantor who has actually seen the Obama-Boner tax hike plan.


32 posted on 07/24/2011 8:14:38 AM PDT by jimbo123
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To: Bigun

Why doesn’t Boehner make his proposal public so the peasantry can determine for themselves whether he is telling the truth. Last time we were in this situation in April, Boehner came out and said there were 38 billion in cuts and when the agreement was finally release Boehner’s claim turned out to be false.


33 posted on 07/24/2011 8:15:08 AM PDT by vbmoneyspender
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To: vbmoneyspender
The 800 B in new revenue comes from lower, flatter marginal rates and a broader base.

Can you provide a link to where Boehner said that or wrote that.

No. I heard him say it three times in the last 36 hours. And I listened closely for just this reason. After the first time he said it and i had this same discussion I listened very closely the next two times. It was clear what he said - lower, flatter, rates... Of course nobody knows if that's really there - but that _is_ what he said multiple times.

Cut the sarcastic crap tough guy. Nobody here, including you, knows all the facts. That's why were talking about it.

34 posted on 07/24/2011 8:15:29 AM PDT by Principled
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To: crz
I agree! Every American stop working for one (1) month, stop paying into the U.S. treasury and shut down the ponzi scheme the socialist have been running since the 1930’s.

Lets start immediately!

35 posted on 07/24/2011 8:16:14 AM PDT by paratrooper82 (We are kicking Ass in Afghanistan, soon we will be home to kick some more Asses in Congress!)
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To: jimbo123
Photobucket
36 posted on 07/24/2011 8:17:51 AM PDT by gorush (History repeats itself because human nature is static)
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To: jimbo123
The $800B in increased tax revenue comes from the expiration of the Bush tax cuts.

I simply asked you to show us how you know that. Can you?

37 posted on 07/24/2011 8:17:57 AM PDT by Bigun ("The most fearsome words in the English language are I'm from the government and I'm here to help!")
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To: Principled

Did I hurt your sensitive feelings? Maybe you should stop making pronouncements about what is in the agreement given that you’ve admitted you have no idea what is in the agreement.


38 posted on 07/24/2011 8:19:20 AM PDT by vbmoneyspender
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To: jimbo123
Boehner said his offer that included some $800 billion in new tax revenue and massive spending cuts was never withdrawn.

One more time!! There were NO TAX RATE INCREASES IN THE PROPOSAL, NOT ONE!!! The NEW TAX REVENUES were to be realized via BROADENING of the tax base (more people pay) and NOT an increase in the AMOUNT CURRENT taxpayers pay. This is why OSTUPID was pressured by the Left to INSIST on increased RATES of taxation. This he did at the last and blew the agreed on deal.

39 posted on 07/24/2011 8:21:05 AM PDT by 101voodoo
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To: jimbo123

Hi jimbo123:

Thanks for your question.

I suppose that you and I differ on whether the “Bush” tax cuts will be allowed to expire on January 1, 2011. I do not believe this is a forgone conclusion. Maybe its because I am an optimist. Oh, as I am watching Fox News Sunday while writing this post, I hear Chris Wallace make a statement to Juan williams that one of the reasons that Zero won’t agree is that Boehner is insisting on decoupling the Bush tax cuts from the issue. Sounds logical to me.

Oh, when Boehner, and the media, continually state and report that the tax rates will be lowered, my expectation is that the marginal tax rates will either be at the present (Bush tax cuts) rate, or a rate LESS than the current rates.

I’m not Pollyanna. So tell me what I am missing.

Thanks for your question.

Gwjack


40 posted on 07/24/2011 8:21:13 AM PDT by gwjack (May God give America His richest blessings.)
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