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GOP supercommittee members’ tax plan gives party an identity crisis - The Washington Post
Keywords:
Senator Patrick Toomey (Pa.) and Rep. Jeb Hensarling (Tex.) are lobbying Republican party members in Congress behind the scenes to accept $300 billion in taxes as the only way to get an agreement on debt reduction in the Supercommittee. This would be part of a plan that addresses entitlements, and changes the tax code to lower rates and reduce tax expenditures by closing deductions and loopholes. This is leading to an intense debate in the Republican party about the wisdom of a purely ideological position on taxes that does not take into account current realities, and risks letting markets take control of the nation's future.
The debt Supercommittee in the U.S. Congress
11/13/2011
The debt panel in the U.S. Congress reached an impasse on the issue of new taxes one week before a November 23, 2011 deadline. Failure to reach an agreement by the deadline leads to automatic across the board cuts including defense as voted earlier by Congress.
Grouped Articles
On supercommittee, growing doubts about reaching a debt deal - The Washington Post
Washington Post 11/14/2011
Deficit Panel Seeks to Defer Details on Raising Taxes
New York Times 11/13/2011
The supercommittee’s make-or-break question - The Washington Post
Washington Post 11/17/2011
GOP supercommittee members’ tax plan gives party an identity crisis - The Washington Post
Washington Post 11/17/2011
How we can succeed through supercommittee’s ‘failure’ - The Washington Post
Washington Post 11/17/2011
‘Supercommittee’ appears unlikely to reach agreement - The Washington Post
Washington Post 11/18/2011
Feldstein's proposal for a 2% cap on reduction in taxes from deductions and exclusions.
05/04/2011
Feldstein says its important to increases taxes not tax rates. And the the way to go is to follow the President's Bowles-Simpson Deficit Commission's proposal on tax expenditures. As it is politically difficult to eliminate deductions and exclusions he suggests another proposal- limit the reduction in taxes with a 2% of adjusted gross income cap on the reduction any taxpayer gets.
Grouped Articles
Raise Taxes, but Not Tax Rates
New York Times 05/04/2011
New York Times 07/04/2011
The Elmendorf Rule - The Washington Post
Washington Post 07/09/2011
Tom Keene Talks to Martin Feldstein
BusinessWeek 07/07/2011
Wall Street Journal 07/12/2011
Top Democrats laud GOP debt-ceiling move - The Washington Post
Washington Post 07/14/2011
Alan Simpson on the August 2 Debt Ceiling and Deficit legislation of August 2, 2011
01/16/2009
Alan Simpson of the Simpson-Bowles Commission talks about the debt panel or super-committee's task in coming up with $1.2 trillion in savings by the end of 2011. Simpson says the work of that committe will be similiar to the work he and Bowles engaged in. An enormous effort will go into clearing misperceptions and preconceived notions. He says there are only so many ways of coming up with savings and everything has to be touched to get to the goal, given that the U.S. borrows 39 cents of every dollar it spends.
Grouped Articles
Debt Hawk Alan Simpson on the Work Ahead
BusinessWeek 08/04/2011
Washington Post 08/07/2011
Tom Keene Talks to David A. Stockman
BusinessWeek 08/04/2011
Why the Debt Crisis Is Even Worse Than You Think
BusinessWeek 07/27/2011
Reid Names First Debt-Panel Picks
Wall Street Journal 08/10/2011
Republicans Set Debt-Panel Roster
Wall Street Journal 08/11/2011
Martin Feldstein, Sheila Bair and other experts on the Bowles-Simpson Deficit Commission proposals
11/17/2010
Grouped Articles
The Deficit Dilemma and Obama's Budget
Wall Street Journal 11/18/2010
America's budget deficit: Speak softly and carry a big chainsaw
Economist 11/20/2010
Sheila C. Bair - Will the next fiscal crisis start in Washington?
Washington Post 11/26/2010
Debt and Taxes: Will Washington Ever Grow Up?
BusinessWeek 11/17/2010
Martin Feldstein - How to cut the deficit without raising taxes
Washington Post 11/29/2010
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
The two US Deficit Commissions in 2010 and the Deficit from Growing Health Care Costs
01/31/2008
Bowles-Simpson Deficit Commisssion proposals, critics say, did not adequately tackle the health care part of the US Deficit. Rivlin-Domenici Deficit Commission phases out the tax exclusion on employer-subsidized health care insurance. Both fall short in addressing the health care portion of the deficit.
Grouped Articles
New York Times 12/11/2010
In Battle Over Health Law, Math Cuts Both Ways
New York Times 01/07/2011
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
Wall Street Journal 04/05/2011
New York Times 04/07/2011
Second Panel Calls for Cutting Military Spending
New York Times 11/17/2010
The "Gang of Six" U.S. deficit reduction plan in the U.S. Senate in mid 2011
07/20/2011
Grouped Articles
The Gang of Six: New hope in the debt crisis - The Washington Post
Washington Post 07/20/2011
Can the Gang of Six’s plan pass? - Ezra Klein - The Washington Post
Washington Post 07/20/2011
Gang of Six Plan Cuts Both Ways
Wall Street Journal 07/21/2011
Bloomberg View: Get Behind the Gang of Six; Obama's Right on CFPB
BusinessWeek 07/21/2011
CBO confirms debt deal would save at least $2.1 trillion - The Washington Post
Washington Post 08/01/2011
The supercommittee’s make-or-break question - The Washington Post
Washington Post 11/17/2011
The U.S. political system, politics and the U.S. Deficit in 2010-2013
12/30/2010
Republican positions that do not require offsets for tax reduction, and Democratic positions that go along with the status quo. The politics behind the debt ceiling talks as President Obama seeks re-election and advantage going into the election, and the conservative Republicans oppose any tax increases.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Wall Street Journal 10/10/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
A realization that the idea of America transitioning to a services based economy without impairing jobs was fundamentally wrong
04/17/2006
The need for a strong and growing manufacturing base in the U.S. is one key realization for business leaders from the heads of Boeing, Intel and GE, and other business leaders to leaders in government. Failure to do this simply breeds a sense of pessimism about the future and creates an economy that leaves many productive people jobless, creates unsustainable trade deficits and foreign borrowing. Jeffrey Immelt says this in an op-ed piece in the Washington Post on the day he is appointed to head the President's Council on Jobs.
Grouped Articles
Does America Need Manufacturing?
New York Times 08/24/2011
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Wall Street Journal 10/02/2010
New York Times 02/08/2012
Growth isn’t enough to help the middle class - The Washington Post
Washington Post 02/14/2013
Why Manufacturing Still Counts in the U.S. Economy
Wall Street Journal 01/14/2015
Deficit discussions in the U.S. and revenue from taxes- 2011-2012
07/04/2011
Negotiations between the White House, Democrats and Republicans, to achieve major reductions and cuts in spending, and increase tax revenues by reducing tax expenditures. The discussions for an action plan on the U.S. budget deficit have reached an impasse with Republicans opposed to any tax increases.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Wall Street Journal 07/05/2011
New York Times 07/04/2011
New York Times 07/07/2011
The Balanced Budget Amendment in the U.S. Congress in August 2011
07/14/2011
Critics say the balanced budget amendment would prevent the use of countercyclical policies in a downturn like the present one facing the U.S. economy. Because of the tendency of politicians to avoid difficult decisions and "kick the can down the road," it serves to focus attention on making the cuts in spending, including tax expenditures, that can help reduce the deficit to sustainable levels.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
Budget Deficit Returns to Prerecession Levels
Wall Street Journal 10/16/2014
U.S. Racks Up Smallest Deficit Since 2007
Wall Street Journal 01/14/2015
Why a balanced-budget amendment is too risky - The Washington Post
Washington Post 07/19/2011
Wall Street Journal 07/19/2011
For Republican Freshmen, the Power of No
New York Times 07/29/2011
Bowles and Simpson of the President's Deficit Commission defend their plan
11/18/2010
Grouped Articles
Charlie Rose Talks to Erskine Bowles, Alan Simpson
BusinessWeek 11/18/2010
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
Wall Street Journal 03/03/2011
Wall Street Journal 04/05/2011
New York Times 04/07/2011
Raise Taxes, but Not Tax Rates
New York Times 05/04/2011
Republican views on the Bowles-Simpson Deficit Commission proposals
12/03/2010
Grouped Articles
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Wall Street Journal 12/03/2010
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
Wall Street Journal 04/05/2011
New York Times 04/07/2011
Eric Cantor, Republican leader in the U.S. House of Representatives
02/15/2009
Eric Cantor is a key figure in the negotiations over the budget, deficit reduction, and raising the budget ceiling. Cantor firmly opposes any tax increases for deficit reduction.
Grouped Articles
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
GOP 'Young Guns' attack Obama and former party leaders in new book
Washington Post 09/03/2010
In Gingrich Mold, a New Voice for Solid Resistance in G.O.P.
New York Times 02/15/2009
Eric Cantor Defeated by David Brat, Tea Party Challenger, in Primary Upset
New York Times 06/10/2014
Cantor emerges as key player in debt negotiations - The Washington Post
Washington Post 07/12/2011
Mr. Obama’s debt deal advice: Give peas a chance - The Washington Post
Washington Post 07/12/2011
John Taylor and other experts on the U.S. budget, deficits, and private investment for jobs
01/27/2009
Taylor asks why the U.S. cannot get by on a budget that is 20% of GDP, when this is what the budget was in 2007 and GDP is much larger today. He says private investment can do a better job reducing unemployment and creating a growing U.S. economy. Taylor provides advice on the Romney Plan.
Grouped Articles
Bhidé and Phelps: Central Banking Needs Rethinking
Wall Street Journal 07/16/2013
Obama's Permanent Spending Binge
Wall Street Journal 04/22/2011
Five Lessons for Deficit Busters
Wall Street Journal 06/20/2011
Wall Street Journal 06/27/2011
Charlie Rose Talks to Robert Rubin
BusinessWeek 08/04/2011
Washington Post 08/07/2011
The view that the burden of U.S. deficit reduction is falling on the elderly, the poor and the middle class
01/20/2010
Bernie Sanders and other leaders who see this as a problem with the plans for U.S. deficit reduction that are under discussion.
Grouped Articles
Low Interest Rates Are Squeezing Seniors
Wall Street Journal 03/30/2010
Americaâs Sinking Middle Class
New York Times 09/18/2013
State of the Union: Obama Seeks to Narrow Income Gap
Wall Street Journal 01/29/2014
Bernie Sanders’s Revolutionary Roots Were Nurtured in ’60s Vermont
New York Times 07/03/2015
Similarities Aside, Bernie Sanders Isn’t Rerunning Howard Dean’s 2004 Race
New York Times 08/09/2015
Livin’ Bernie Sanders’s Danish Dream
New York Times 02/12/2016
The events in the 2011 U.S. deficit reduction and debt ceiling talks between the Obama White House and Republicans
07/13/2011
Grouped Articles
Wall Street Journal 07/13/2011
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
Efforts by Republicans in the House of Representatives to develop bipartisan solutions to the U.S. deficit crisis
11/17/2011
Efforts of Super Committee members Hensarling, Toomey and the chairman of the House Ways and Means Committee Dave Camp to negotiate a bipartisan solution. This follows the failed efforts of Republicans Boehner, Cantor and McConnell in 2011 to reach a negotiated deal with the Democrats in Congress. Camp is taking a patient approach and has shown the ability to navigate different personalities in the U.S. Congress as he works on a solution to the deficit.
Linked Articles
Rep. Dave Camp patiently pursues tax reform - The Washington Post
Washington Post 07/29/2012
GOP supercommittee members’ tax plan gives party an identity crisis - The Washington Post
Washington Post 11/17/2011
Convergence of ideas on deficit reduction around Simpson-Bowles and limiting tax expenditures and deductions
11/17/2011
Limiting tax deductions, loopholes to say $35,000 for high income earners goes further than earlier proposals from Obama advisors to limit tax deductions to 28% in distributing the tax burden more equitably. Obama advisor, Christina Romer, and Romney advisor Feldstein, support limiting tax deductions in this way to help reduce the deficit, creating the basis for an agreement between Republicans and Democrats.
Linked Articles
Budget Showdown Offers an Opportunity for Progress
New York Times 11/10/2012
GOP supercommittee members’ tax plan gives party an identity crisis - The Washington Post
Washington Post 11/17/2011
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