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Old 12-03-2012, 03:14 PM   #1
longhornfan1234
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Default GOP's counter offer.

Would genrates 2 trillion in savings.

800 billion: Through tax reform

600 billion: In health savings

200 billion: Entitlement scale revision

300 billion: further discretionary savings

300 billion: mandatory savings.

http://online.wsj.com/article/SB1000...983453958.html

Last edited by longhornfan1234 : 12-03-2012 at 07:11 PM.
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Old 12-03-2012, 03:24 PM   #2
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Default Re: GOP's counter offer.

Both offers are just opening bids in negotiation. Neither is going to be the final deal.
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Old 12-03-2012, 03:29 PM   #3
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Default Re: GOP's counter offer.

Quote:
Originally Posted by Real Men Wear Green
Both offers are just opening bids in negotiation. Neither is going to be the final deal.
Obviously. Just reporting it.
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Old 12-03-2012, 04:07 PM   #4
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Default Re: GOP's counter offer.

The dollar estimates for these offers are usually worthless. Have a link to any real details?
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Old 12-03-2012, 04:15 PM   #5
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Default Re: GOP's counter offer.

Quote:
Originally Posted by Jailblazers7
The dollar estimates for these offers are usually worthless. Have a link to any real details?

http://online.wsj.com/article/SB1000...983453958.html
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Old 12-03-2012, 04:43 PM   #6
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Default Re: GOP's counter offer.

quick question from someone who doesnt really follow american politics; is there a difference between the GOP and the republican party? or is the GOP just the party that has the majority of the seats in the senate at the particular time?
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Old 12-03-2012, 04:46 PM   #7
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Default Re: GOP's counter offer.

Quote:
Originally Posted by chips93
quick question from someone who doesnt really follow american politics; is there a difference between the GOP and the republican party? or is the GOP just the party that has the majority of the seats in the senate at the particular time?

GOP (Grand Old Party) is just another name for the Republican Party. We really only have 2 political parties, Democrats and Republicans. There are Libertarians and Green Party and others but they have little to no power.
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Old 12-03-2012, 05:30 PM   #8
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Default Re: GOP's counter offer.

What does tax reform mean? Not all revenues are created equal.
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Old 12-03-2012, 05:52 PM   #9
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Default Re: GOP's counter offer.

Quote:
Originally Posted by Scoooter
What does tax reform mean? Not all revenues are created equal.

It means changing some of the current tax laws. Things like closing loopholes and lowering the corporate tax rate so that companies with international operations will be encouraged to bring the profits back to the US and pay taxes here rather than leaving them offshore and paying the lower taxes there.
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Old 12-03-2012, 06:09 PM   #10
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Default Re: GOP's counter offer.

Quote:
Originally Posted by longhornfan1234
Would genrates 2 trillion in savings.

800 billion: Through tax reform

600 billion: In health savings

200 billion: Entitlement scale revision

300 billion: further discretionary savings

300 billion: mandatory savings.

well so far you've given a list of numbers. where is the actual plan?
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Old 12-03-2012, 06:11 PM   #11
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Default Re: GOP's counter offer.

Quote:
Originally Posted by Scoooter
What does tax reform mean? Not all revenues are created equal.

My guess is that it is just getting rid of deductions.
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Old 12-03-2012, 06:17 PM   #12
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Default Re: GOP's counter offer.

I believe corporate rates in Canada are 15% lower than in the US but it has not have the economic impact that it was believed it would when they implemented the policy. Instead it created a cash hoard on companies' balance sheets. What I find interesting is investment actually increased over the last few months but this investment is coming via borrowing/debt. Would a similar situation occur in America???
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Old 12-03-2012, 06:20 PM   #13
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Default Re: GOP's counter offer.

cool numbers bro.
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Old 12-03-2012, 06:31 PM   #14
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Default Re: GOP's counter offer.

This has even less of a chance of passing, than Obama's plan has to pass the House.

I guess we are going over the fiscal cliff.
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Old 12-03-2012, 06:48 PM   #15
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Default Re: GOP's counter offer.

Quote:
Originally Posted by Sarcastic
This has even less of a chance of passing, than Obama's plan has to pass the House.

I guess we are going over the fiscal cliff.

if they do go over the cliff, can't obama rates be reintroduced and passed???
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