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Thread: House GOP releases budget blueprint

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    House GOP releases budget blueprint

    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."
    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.
    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.

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    Re: House GOP releases budget blueprint

    Quote Originally Posted by Zyphlin View Post
    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.
    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.
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    Re: House GOP releases budget blueprint

    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.
    Pain can be such a beautiful thing

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    Re: House GOP releases budget blueprint

    Quote Originally Posted by GottaHurt View Post
    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.
    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.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: House GOP releases budget blueprint

    Quote Originally Posted by Harry Guerrilla View Post
    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.
    Clarify what you consider welfare please. It'll help to understand your position on this.
    Pain can be such a beautiful thing

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    Thumbs down Re: House GOP releases budget blueprint

    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.

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    Re: House GOP releases budget blueprint

    Quote Originally Posted by GottaHurt View Post
    Clarify what you consider welfare please. It'll help to understand your position on this.
    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.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: House GOP releases budget blueprint

    Quote Originally Posted by GottaHurt View Post
    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.
    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.

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    Re: House GOP releases budget blueprint

    It doesn't have a snowball's chance in hell of passing anyway, but at least it will be out there.
    Quote Originally Posted by soccerboy22 View Post
    You guys are weird.

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    Re: House GOP releases budget blueprint

    This is still more reactionary crap dressed up as an idea.
    And why does your tone suggest that you do not care about children?

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