Page 7 - Budget Window News Today

Plan are largely bogus. >> no, you just added largely bogus and i do not agree with that. we have had major cuts on various parts of the defense discretionary of ten year freeze. the budget window is a ten year window. the alternative that mr. romney is putting forward is no specifics. he is proposed specifically $5 trillion of tax cuts and you heard mr. hubbard saying what mr. romney says which is i will go find some loopholes to close to pay for that. >> chris: let me interrun because i want t...

>> no, you just added largely bogus and i do not agree with that. we have had major cuts on various parts of the defense discretionary of ten year freeze. the budget window is a ten year window. the alternative that mr. romney is putting forward is no specifics. he is proposed specifically $5 trillion of tax cuts and you heard mr. hubbard saying what mr. romney says which is i will go find some loopholes to close to pay for that. >> chris: let me interrun because i want to go if i can because it...

Problems even worse by essentially taking $716 million from it and using that money to pay for obamacare? >> thats exactly what the president does. he steals money from medicare to pay for health care plan that we simply cant afford. and gregg, originally we were talking about $500 billion of cuts from medicare. now were talking $700 billion because the budget window moved forward two years. gregg: right. >> when we move the budget window forward when it really kicks in, were talking trillion do...

Think -- has outed the white house for being -- being tax -- people that increase taxes on american people. >> yeah. >> isnt that what conservatives have been saying? >> sure. lets face it, the president promised he wouldnt raise taxes on the middle class by a penny with this health care law. thats been proven false now. i heard an earlier guest say its very difficult to figure out what the cost of this is going to be. its pretty easy to find out the minimum cost. take a look at the real budget ...

Ten-year budget window, taxes will have gone up 1.6 trillion dollars our debt burden would have gone up. it raises taxes and i know creases the debt, its unab unbelievable and this is, what is the term? >> a train wreck or whatever. >> ezra klein called it cruel and violent. no, this country, over the long-term, if we grow, if we have a strong recovery, which requires investments, and fair and impartial share kind of economics and politics, you know, we talk about entitlements, these are not ent...

hello, everyone. im erin burnett. "outfront" tonight, a flat tax from presidential candidate, rick perry. >> it is time to pass a tax that is flat and fair and frees our employers and out people to invest and grow and prosper. >> he calls it flat. but the bottom line is it isnt really. the right word is sort of lumpy. heres why. a true flat tax would mean all americans start paying a flat tax of 20%. thats perrys rate on their income with no deductions. thats not how this works though....

employers and out people to invest and grow and prosper. >> he calls it flat. but the bottom line is it isnt really. the right word is sort of lumpy. heres why. a true flat tax would mean all americans start paying a flat tax of 20%. thats perrys rate on their income with no deductions. thats not how this works though. you keep your current rate or pick his new 20% rate. by allowing people to remain in their current tax bracket, americans will continue to pay different rates. there are...

outfront tonight, a flat tax from presidential candidate, rick perry. >> it is time to pass a tax that is flat and fair and frees our employers and people to invested and grow and prosper. >> he calls it flat. bottom line is it isnt really. the right word is sort of lumpy. heres why. a true flat tax means all americans start paying a flat tax of 20%. thats perrys rate on their income with no deductions. thats not how this works. you keep your current rate or pick his new 20% rate. by a...

Done is attacked our plan and thats demagoguery, its the typical mediscare tactics and that was really the message that paul delivered. >> it was my understanding that the president also said the reason hes not offered up a plan, is he didnt think it would go anywhere in the house. >> he did say nothing he would propose could pass in the house but again, that was really, i think, indicative of where the president has missed the boat in terms of trying to leave. you know, we are trying to come to...

We need to get a spending ceiling for the next two years because were not likely to get a final budget out of a democratic senate and a republican house. we need to know how much were going to spend the next two years, and that needs to be on a declining basis. then we need to do something mid-term, that is within what we call the budget window, within the next few years, both on 9 discretionary side and the mandatory side. and the mandatory side means entitlements. and we also need to do someth...