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House GOP releases budget blueprint

Zyphlin

Zyphlin

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House GOP releases budget blueprint

House Republicans on Thursday released their alternative to President Obama's budget, outlining a plan they say will cut spending and lower taxes while stimulating job creation.

...

Under their proposal, House Republicans promise to simplify the tax code and cut income tax rates to 10 percent for people making $100,000 or less.

...

"We're going to show a leaner budget, a budget with lower taxes, lower spending, and lower borrowing," said Mike Pence of Indiana, the No. 3 Republican in the House. "And it's going to be a budget that says, 'Here's how best to get America out of this struggling economy."'

Among the House GOP offerings: "Republicans seek to ensure that the federal budget cannot grow faster than families' ability to pay the bill."
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The plan came in the form of a broad overview and was lacking many specifics.

Republicans said more details would come out next week. House Minority Leader John Boehner, R-Ohio, argued that his party should have more time to settle on the details, just as Obama did.

"The president came to Capitol Hill and laid out his blueprint for his budget during the State of the Union. He didn't offer his details until days later. Today we are offering our blueprint," Boehner said.
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So it appears just a blue print and it was rightly critizied as being sparse in the fox news piece, but Bohner does make a good point about Obama (reason I included that second part).

I'm interested to see what it is. Simplifying the tax code is something that NEEDS to happen. I hope they have some thought on social security. Its an issue that MUST be addressed and both sides keep hot potatoing it because they know that to do anything close to what needs to be done is going to be near political suicide.

I'm not in favor of lowering taxes a ton if the spending Obama is going to keep doing continues because it'll just hurt us more, but I like the Republicans showing people what it really means to be a fiscal conservative if this is the kind of budget they really put out.

Lower the taxes, empower business, get spending under check, and get out of the way.
 
Zyphlin said:
House GOP releases budget blueprint





So it appears just a blue print and it was rightly critizied as being sparse in the fox news piece, but Bohner does make a good point about Obama (reason I included that second part).

I'm interested to see what it is. Simplifying the tax code is something that NEEDS to happen. I hope they have some thought on social security. Its an issue that MUST be addressed and both sides keep hot potatoing it because they know that to do anything close to what needs to be done is going to be near political suicide.

I'm not in favor of lowering taxes a ton if the spending Obama is going to keep doing continues because it'll just hurt us more, but I like the Republicans showing people what it really means to be a fiscal conservative if this is the kind of budget they really put out.

Lower the taxes, empower business, get spending under check, and get out of the way.
Click to expand...

I'm not sure if they should lower taxes.

I doubt that they will address Medicare or Social Security, since it really isn't an issue for either party at the moment.

When the mass of baby boomers retire and the system goes to full tilt, we (us young folks) are going to be hit with higher taxes and cut services.

I do agree that the spending needs to be stopped in its tracks though.
 
First piece of the puzzle:

Under their proposal, House Republicans promise to simplify the tax code and cut income tax rates to 10 percent for people making $100,000 or less.

It's a start in the right direction. I'll reserve further judgement until we get more pieces.
 
GottaHurt said:
First piece of the puzzle:

Under their proposal, House Republicans promise to simplify the tax code and cut income tax rates to 10 percent for people making $100,000 or less.

It's a start in the right direction. I'll reserve further judgement until we get more pieces.
Click to expand...

Cutting taxes is not good for us that are just beginning our careers, considering we will have to drag the elderly along with their welfare benefits.

They need to pay before they retire.
 
Harry Guerrilla said:
Cutting taxes is not good for us that are just beginning our careers, considering we will have to drag the elderly along with their welfare benefits.

They need to pay before they retire.
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Clarify what you consider welfare please. It'll help to understand your position on this.
 
I think they need to do much better than this. I am extremely dissappointed in the content, or lack thereof, in this document as a whole.

Seriously, can anyone honestly say that there's anything in this document that isn't completely obvious to anyone who hasn't been asleep for 20 years?

If they want a shot at being taken seriously, they are going to need facts, extensive analysis with reliable numbers, and MUCH stronger logic as to WHY this will work better than what Obama is proposing. Don't get me wrong - I'm reserving judgment on the spending and am not sure it's the right decision, but you'll need a better argument than this to convince me it's the WRONG decision.

I agree with some of the assertions in this document, but it's far too generalized to be of much use for anything other than a primer for the uninformed.
 
GottaHurt said:
Clarify what you consider welfare please. It'll help to understand your position on this.
Click to expand...

Most don't believe that SS or Medicare constitutes welfare but they are.

Reason being is that benefits have increased while payroll deductions haven't in any real way.

Couple that with all the refundable tax credits and deductions, thus SS and Medicare have become welfare.

The money was never saved and it was spent a long time ago on the people about to retire.
 
GottaHurt said:
First piece of the puzzle:

Under their proposal, House Republicans promise to simplify the tax code and cut income tax rates to 10 percent for people making $100,000 or less.

It's a start in the right direction. I'll reserve further judgement until we get more pieces.
Click to expand...

Does this really work, though? I see this assertion time and time again, but facts and analysis to back it up seem thin to nonexistent (while, on the contrary, I've read well constructed articles that completely debunk the idea that this actually works).

I'm not trying to poke holes in this idea and I understand the principle that supposedly supports it, it's just that I haven't seen a well-crafted theory in favor of the effectiveness of this at all (I'd love to read one). I actually want to agree with this, but I find it hard to do so when pretty much all of what I've read about this is unsupported assertions.
 
It doesn't have a snowball's chance in hell of passing anyway, :-( but at least it will be out there.
 
Analyst said:
I think they need to do much better than this. I am extremely dissappointed in the content, or lack thereof, in this document as a whole.

Seriously, can anyone honestly say that there's anything in this document that isn't completely obvious to anyone who hasn't been asleep for 20 years?

If they want a shot at being taken seriously, they are going to need facts, extensive analysis with reliable numbers, and MUCH stronger logic as to WHY this will work better than what Obama is proposing. Don't get me wrong - I'm reserving judgment on the spending and am not sure it's the right decision, but you'll need a better argument than this to convince me it's the WRONG decision.

I agree with some of the assertions in this document, but it's far too generalized to be of much use for anything other than a primer for the uninformed.
Click to expand...

Did you read the article?

This is a preliminary blue print, not the entire plan. They plan on coming out with the specifics of the plan in some days. Its much the same as how the current budget plan came out.

Its a smart political move. There is a lot of talk about the budget right now, and its pretty much just had one side to address. Get your blue print, essentially a preview, out as soon as possible and then put out your entire thing. Just make sure you get it out within a week after the blue print which it seems they're aiming to do.
 
Zyphlin said:
They plan on coming out with the specifics of the plan in some days. Its much the same as how the current budget plan came out.

Its a smart political move. There is a lot of talk about the budget right now, and its pretty much just had one side to address. Get your blue print, essentially a preview, out as soon as possible and then put out your entire thing. Just make sure you get it out within a week after the blue print which it seems they're aiming to do.
Click to expand...

I'll be very interested in the details. Hopefully, the GOP will get its budget document scored by the CBO so that one can make credible comparisons on the numbers with the Obama budget.
 
If they're going to have a 10% tax bracket up to 100k, I think the marginal rate above 100k is going to have to be pretty high to remain revenue neutral (or close to it).
 
Zyphlin said:
Did you read the article?

This is a preliminary blue print, not the entire plan. They plan on coming out with the specifics of the plan in some days. Its much the same as how the current budget plan came out.

Its a smart political move. There is a lot of talk about the budget right now, and its pretty much just had one side to address. Get your blue print, essentially a preview, out as soon as possible and then put out your entire thing. Just make sure you get it out within a week after the blue print which it seems they're aiming to do.
Click to expand...

Yes, I read it. And I also read this article:

GOP leader on budget: 'Here it is, Mr. President' - CNN.com

(CNN) -- House Republicans on Thursday said they have come up with an alternative proposal to the president's budget, following criticism from Democrats that they have become the "party of no."

Rep. John Boehner says President Obama's budget is "completely irresponsible."

"Two nights ago the president said, 'We haven't seen a budget yet out of Republicans.' Well, it's just not true because -- Here it is, Mr. President," said House Minority leader Rep. John Boehner, as he held up a booklet that he said was a "blueprint for where we're going."
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I'll wait and see if there's any meat to their proposal before deciding, but they shouldn't have made such bold statements about it before presenting their real data, IMO.
 
Harry Guerrilla said:
Most don't believe that SS or Medicare constitutes welfare but they are.

Reason being is that benefits have increased while payroll deductions haven't in any real way.

Couple that with all the refundable tax credits and deductions, thus SS and Medicare have become welfare.

The money was never saved and it was spent a long time ago on the people about to retire.
Click to expand...

Cool. I just wanted to make sure we were on the same page in regard to SS & Med being welfare.

Personally, I think it all starts with revamping Civil Service employment policies.

The whole notion of guaranteed job security only breeds complacency and inefficiency.

Knowing that you can lose your job for poor performance is the basis for efficiency, competiton and innovation in the workplace.

With that said, it's time to turn these departments over to the private sector.

It'll be painful at first, and probably require a small increase in funding.

SS will become a legitimate 401k for the less fortunate, and essentially a supplemental plan for those with private accounts. The private sector will manage it better and yield better returns, which should be rolled back into the system, instead of being skimmed off the top and squandered away like it is in it's current form.

Remove the SS tax. It's our money, it's there to provide income in the years in which we're not all able to perform at a level we once did.

Medicare & Medicaid along with our current private sector are in dire need of tort reform.

We can't continue with bogus lawsuits everytime someone gets a hangnail.

The high costs of medical malpractice insurance is surely keeping some of the best and brightest from entering the medical profession.

IMO, once this is addressed, then M&M will have a chance to succeed, and possibly show a profit if turned over to the private sector as well.
 
GottaHurt said:
Cool. I just wanted to make sure we were on the same page in regard to SS & Med being welfare.

Personally, I think it all starts with revamping Civil Service employment policies.

The whole notion of guaranteed job security only breeds complacency and inefficiency.

Knowing that you can lose your job for poor performance is the basis for efficiency, competiton and innovation in the workplace.

With that said, it's time to turn these departments over to the private sector.

It'll be painful at first, and probably require a small increase in funding.

SS will become a legitimate 401k for the less fortunate, and essentially a supplemental plan for those with private accounts. The private sector will manage it better and yield better returns, which should be rolled back into the system, instead of being skimmed off the top and squandered away like it is in it's current form.

Remove the SS tax. It's our money, it's there to provide income in the years in which we're not all able to perform at a level we once did.

Medicare & Medicaid along with our current private sector are in dire need of tort reform.

We can't continue with bogus lawsuits everytime someone gets a hangnail.

The high costs of medical malpractice insurance is surely keeping some of the best and brightest from entering the medical profession.

IMO, once this is addressed, then M&M will have a chance to succeed, and possibly show a profit if turned over to the private sector as well.
Click to expand...

IMO Medicare and Medicaid need to be completely scraped.

They are a big part of what is causing health care prices to rise.

Social Security needs to be completely scraped, the nut jobs in Washington have proven that they can't keep their hands out of the cookie jar.
 
lets look at one of their extraordinarily pathetic charts (oh excuse me, I meant blue print):

gopplan.png


Yes, that was seriously released by the Republicans. Avoiding for a second that if I or any other professional gave a client something that crap I'd be laughed out of the pitch, lets just conduct an analysis.

So what's it saying?

Step 1: Reform (actually "Reforms", good job on the typo) medicare and medicaid.

Step 2: Universal access to affordable healthcare

Step 3: Collect Underpants

Step 4: Profit!

This is pathetic.

Dear Republican Party,

I am available for all your graphic design needs. I don't suck, as whoever you're employing currently does. I cannot help you with the ****tiness of your content, but I can present it in a coherent manner (at least as coherent as its general incoherence allows).
 
new coup for you said:
lets look at one of their extraordinarily pathetic charts (oh excuse me, I meant blue print):

gopplan.png


Yes, that was seriously released by the Republicans. Avoiding for a second that if I or any other professional gave a client something that crap I'd be laughed out of the pitch, lets just conduct an analysis.

So what's it saying?

Step 1: Reform (actually "Reforms", good job on the typo) medicare and medicaid.

Step 2: Universal access to affordable healthcare

Step 3: Collect Underpants

Step 4: Profit!

This is pathetic.

Dear Republican Party,

I am available for all your graphic design needs. I don't suck, as whoever you're employing currently does. I cannot help you with the ****tiness of your content, but I can present it in a coherent manner (at least as coherent as its general incoherence allows).
Click to expand...

I'd like to see you include "collecting underpants" as that would make the chart complete.
 
Zyphlin said:
So it appears just a blue print and it was rightly critizied as being sparse in the fox news piece, but Bohner does make a good point about Obama (reason I included that second part).
Click to expand...
Hmmmm...AFAICT President Obama was talking about a blueprint, whereas Boehner said they were introducing a detailed plan.

"Two nights ago, the president said, 'We haven't seen a budget yet out of the Republicans.' Well, that's not true, because here it is, Mr. President," Boehner told reporters. "Today, we're introducing a detailed 'Road to Recovery' plan and our plan curbs spending, creates jobs, and cuts taxes while controlling the debt."
Click to expand...

YouTube - Here it is, Mr. President

Did someone jump the gun? Who's in charge?

Darn...where's that GOP leadership poll when ya need it...LOL

But he [Paul Ryan] and [Eric] Cantor were reportedly told by Boehner and Republican Conference Chairman Mike Pence (R-Ind.) they needed to move more quickly to counter Democrats' charge they were becoming the "Party of No," according to House GOP staffers.

[...]

"The problem is that somewhere along the line, someone got the mistaken impression that we were going to roll out a budget alternative today," he said. "What we all signed off on was a preview—the real [alternative] is coming next week."

Still, when he was asked what purpose today's preview served, Ryan directed me to Pence's office: "You've got to ask the conference this question, I can't answer that question."

The leadership appeared united a press conference this afternoon, with Pence and Boehner holding copies of blue-jacketed budget outline as photographers clicked away.

Glenn Thrush's Blog: Sources: GOP leaders split on budget "blueprint" - POLITICO.com
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Did anyone notice that they rescheduled their release to Wednesday?

They came in, ****ted on Obama and then when pressed for actual content they told us that it'd come later. This is a excellent metaphor for the entire Republican strategy.
 
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