Geneseo Republic - Geneseo, IL
GOP’s so-called fiscal counteroffer is no such thing
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By Pat Cunningham
Dec. 3, 2012 5:15 p.m.

Steve Benen has the story HERE

Last week, the Obama administration presented congressional Republicans with a formal offer in their ongoing fiscal talks, and challenged GOP leaders to come up with a plan of their own. Today, House Speaker John Boehner and the House Republican leadership sent a [three-page] letter to the White House that’s been described as a “counteroffer,” but that’s not quite correct…

Under this proposal, Republicans would keep all of the Bush-era tax rates, but accept $800 billion in new revenue. How? Through “through pro-growth tax reform that closes special-interest loopholes and deductions while lowering rates.”

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