Stay updated with breaking news from Bowles plan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Supercommittee that they are using now, for complicated reasons it it would now be worth $950 million in tax increases. so even in the kind of world of the bowles plan and much less simpson/bowles plan, this isn t quite right there. ryan, do they think that one democrat in a world who is not in office anywhere and theoretically compromising with him even though he says, hey, that s not a workable deal, do they actually think that s a presentable step towards the president? clearly they do. you know, democrats have been kind of guilty of the same thing in the past but this is a little extra ridiculous because erskine bowles is not somebody that s just been out of operativeness for a long time. he wasn t in office. he was inoperative, but he also works for morgan stanley right now. it s not like this is some type of a new deal that says, look, here s the deal that we ve ....
The white house you get close. they say it lacks detail. doon pfeiffer says it does not say which loopholes they would close or savings they would achieve. if the president is rejecting this middle ground offer it is his obligation to present a plan that can pass both chambers of congress. are we at a stalemate who offers something next? house republicans said theirs mirrors one proposed by erskine bowles, the democratic chair of the fiscal position. bowles shot down that suggestion. while i m flattered the speaker would call something the bowles plan, the approach outlined in the letter speaker boehner sent to the president does not represent the simpson bowles plan nor is it the bowles plan. ....
Press is, look, tax rates are going to go up for everyone and we re going to have to deal. this desire to take erskine bowles who is not necessarily a household name and trying to claim that his testimony at a given time reflects some great republican compromise is dead on arrival. mr. bowles came out today and he said that the attempt to invoke his testimony was off base and that this republican offer, to the extent it offers anything, is not the simpson/bowles plan, is not the bowles plan. it reminds me of the rap group, 36 mafia. they say, keep my name out of your mouth. it s basically what mr. bowles said to speaker boehner, don t talk about me, don t talk about my plan, go work on your own plan. let s listen to another thing grover said yesterday about president obama. ....
Course, also on meet the press is, look, tax rates are going to go up for everyone and we re going to have to deal. this desire to take erskine bowles who is not necessarily a household name and trying to claim that his testimony at a given time reflects some great republican compromise is dead on arrival. mr. bowles came out today and he said that the attempt to invoke his testimony was off base and that this republican offer, to the extent it offers anything, is not the simpson/bowles plan, is not the bowles plan. it reminds me of the rap group, three 6 mafia. they say, keep my name out of your mouth. it s basically what mr. bowles said to speaker boehner, don t talk about me, don t talk about my plan, go work on your own plan. let s listen to another thing grover said yesterday about president obama. it s the president who is threatening to raise taxes on the middle class if he doesn t stamp his feet and get his way. ....
Letter outlining the plan saying new revenue would be generated through pro-growth tax reform that closes special interest loopholes and deductions while lowering rates. oh boy. it s the mitt romney plan again. the offer letter actually described the proposal as the bowles plan. republicans say the plan is based on the outline for the debt commission co-chair. the approach outlined in the letter speaker boehner sent to the president does not represent the simpson-bowles plan nor is it the bowles plan. the white house also rejected the offer in a statement today. the republican letter released today does not meet the test of balance. in fact, it actually promises to lower rates for the wealthiest americans and sticks the middle class with the bill. their plan includes nothing new and provides no details on which e deductions they would eliminate, which loopholes they would close or which medicare savings they would achieve. hold it right there, folks. ....