GOP Rejects Obama Offer of $1.6 Trillion Tax Increase


#1

Congressional Republicans dug in to fight President Barack Obama’s plan to skirt the fiscal cliff, rejecting his tax-and-spending proposal as the president heads out today to sell it to the American public. Treasury Secretary Timothy Geithner shuttled among congressional leaders yesterday with a plan to trade $1.6 trillion in tax increases for $400 billion in unspecified entitlement program cuts, Republican congressional aides said.

Republicans complained that the offer was little more than a rehash of old budget proposals, setting the stage for more contentious negotiations over the next several weeks as the year-end deadline approaches for more than $600 billion in spending cuts and tax increases to kick in.

GOP Rejects Obama Offer of $1.6 Trillion Tax Increase

Tax increases **NO CUTS **Does this seem simliar? It should the same deal the democrats offered Reagan and reneged on the cuts.

But do not worry Boehner will give in


#2

If you do the math you will see a $5T fed budget approaching 24% of GDP, crushing tax, NO reduction in spending…