Heritage’s Morning Bell out today describes Boehner’s most recent proposal to Obama and the Democrats like this:
In a letter signed by House Republican leadership, including Majority Leader Eric Cantor (R-VA) and Budget Committee Chairman Paul Ryan (R-WI), Boehner offered to raise taxes by $800 billion and cut spending by $1.4 trillion, with no substantive reforms to the entitlement programs that are driving U.S. spending and debt.
Heritage’s Alison Fraser, director of the Roe Institute for Economic Policy Studies, and J.D. Foster, the Norman B. Ture Senior Fellow in the Economics of Fiscal Policy, quickly responded that “the Republican counteroffer, to the extent it can be interpreted from the hazy details now available, is a dud. It is utterly unacceptable. It is bad policy, bad economics.”
Ugh. We don’t have a revenue problem in this country, we have a massively unsustainable spending problem and the Democrats are running with it. But with House Republicans conceding the revenue issue by raising taxes, they are also concealing the truth from the American people. Same goes with entitlements, the biggest driver in our spending.
You can read more at Heritage.
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