Page 3 - Budget Window News Today

Dont have per year and you extrapolate that over a 10-year budget window its crazy. i believe this candidate came out against circumcision so hes focusing on important and realistic issues. we can chuckle about this idea of uncle sam ending a thousand bucks to every single one of us but is it necessary that far off from some of the things that are being more seriously discussed by democrats at enormous cost to american taxpayers? they have no real answers, at least he mentioned a tax increase an...

That adds probably $2.2 trillion, $2.3 trillion to the debt and after cutting non-defense discretionary spending by a third at the end of the budget window and medicare by $500 billion and medicare by $1.4 trillion. part of it is where we are. we do have some very, very tough issues of sustainability, particularly on the mandatory spending side. we cant necessarily just approach those by cutting the amount we spend on it. theres structural things we can do. letting medicare negotiate on prescrip...

Going to start worrying about long-term debt? deficits? >> i think were worried. weve been talking about it. you know paul ryan well. i have a hard time thinking we can get meaningful reform for entitlements for young people even through the senate. if you look at the debt curve, its not ten years, its 20 and 30. now this is getting into inside baseball but if we could look at a budget window outside of ten years and make changes to take effect in ten years and watch that curve come down, we can...

Paul: okay. >> so about three times what we got because of all the temporary provisions. so theres a great deal of promise here if all of its made permanent. paul: okay. one of the reasons they didnt make it permanent is they had to fit the numbers inside that ten-year budget window that congress has concocted for itself. >> exactly. paul: so they can revisit this policy and extend those if need be. i want to talk to you about some of the criticisms leveled at this bill, one of which is that thi...

Paul: okay. >> so about three times what we got because of all the temporary provisions. so theres a great deal of promise here if all of its made permanent. paul: okay. one of the reasons they didnt make it permanent is they had to fit the numbers inside that ten-year budget window that congress has concocted for itself. >> exactly. paul: so they can revisit this policy and extend those if need be. i want to talk to you about some of the criticisms leveled at this bill, one of which is that thi...

Surveillance and the proposed eight-year authorization. a number of which said thats not such a good idea, given some of the outrages weve seen of late, fbi and other. lets trim that in. so i think you have intention between long-term authorizations that authorize a program for a long time and a yearly appropriation process that causes this congress to look under the hood at whats working and whats not working. think, like chip, its important to look under the hood, because some states do a good...

Said he would favor between 25 and 28. 21 wasnt seem all that unreasonable. >> congressman, what study suggests that this tax bill pays for itself? >> i said outside the ten-year budget window. theres a specific period of time we tend to look at. again, tax foundation has it at less than $500 billion. as you pointed out, i think rightly, the debt -- forget the tax bill for a minute, is going up regardless unless you deal with entitlement reform. when people focus on the tax bill chwhich is a sma...

Moving pieces. i would love to get rid of the death tax entirely, thats the right policy in my view, but there -- you know, paul, we have got a limited amount of revenue we can forego in this plan, given the budget rules we have to live with. it scores as a big loss of revenue if we eliminate it completely. it is on a list of things i would like to get to but it is too soon to know. >> on the other hand, senate has the obama care individual mandate repealed. the house bill does not. senate going...

I would love to get rid of the death tax entirely, thats the right policy in my view, but there -- you know, paul, we have got a limited amount of revenue we can forego in this plan, given the budget rules we have to live with. it scores as a big loss of revenue if we eliminate it completely. it is on a list of things i would like to get to but it is too soon to know. >> on the other hand, senate has the obama care individual mandate repealed. the house bill does not. senate going to prevail on ...

Non-partisan congressional score keeper when it comes to taxation plans and we know two very important things. one is that theres tax relief granted at every income level in the senate plan and two is that it retains the same amount of progressivity as the current code and thats an important component that we saw when it was released several months ago and that was reiterated inneth bo the house and senate plans. >> again, we hear from the white house that this would be good for the middle class...