Dayhoff Soundtrack: Govt spending fiscal restraint

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Saturday, December 17, 2011

News from The Hill: House GOP members voice extreme opposition to Senate payroll tax plan By Russell Berman

News from The Hill:

House GOP members voice extreme opposition to Senate payroll tax plan
By Russell Berman The two-month payroll tax cut extension that passed the Senate on Saturday may not be a done deal.
Rank-and-file House Republicans voiced extreme opposition to the package during a conference call Saturday afternoon in which Speaker John Boehner (R-Ohio) briefed them on the legislation and their options to respond, according to two sources with knowledge of the call.

One source said Boehner spoke approvingly of the deal as a win for the GOP but that three other members of the leadership team - Majority Leader Eric Cantor (Va.), Whip Kevin McCarthy (Calif.) and Conference Chairman Jeb Hensarling (Tex.) - all criticized it.

The source said that with the exception of Reps. Tom Cole (Okla.) and Walter Jones (N.C.), Boehner was the only person on the call to praise the deal.

Read the story here.

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Wednesday, September 14, 2011

Nakamura - WaPo: Obama proposes raising taxes on the wealthy to pay for $447 billion jobs bill

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Obama proposes raising taxes on the wealthy to pay for $447 billion jobs bill

By David Nakamura 09/12/2011

http://www.washingtonpost.com/blogs/44/post/obama-calls-on-congress-to-pass-jobs-bill-no-politics-no-delays/2011/09/12/gIQA8uk3MK_blog.html?wpisrc=nl_pmpolitics

President Obama would fund his $447 billion plan to create jobs largely by raising taxes on wealthier families, White House aides said Monday after the president again called on Congress to support the package.

During a Rose Garden appearance, Obama pledged to send Congress the American Jobs Act on Monday evening when the legislative body resumes its session. Aides revealed for the first time that the plan will include limits on itemized deductions for individuals who earn more than $200,000 a year and families that earn more than $250,000.

[…]

Obama has proposed similar tax hikes on the wealthy in the past, but they were rejected by Congress.

[…]

The cost of the jobs plan would be in addition to the $1.5 trillion that a bipartisan congressional “supercommittee” is tasked with finding to reduce the country’s spiraling deficit. However, the administration said that it is open to other ways to pay for its proposal. If the committee settles on a plan to reduce the deficit by the $1.5 trillion and also the amount of Obama’s jobs package, the tax hikes will not longer take effect, White House officials said.

[…]

http://www.washingtonpost.com/blogs/44/post/obama-calls-on-congress-to-pass-jobs-bill-no-politics-no-delays/2011/09/12/gIQA8uk3MK_blog.html?wpisrc=nl_pmpolitics

[20110912 WaPo Nakamura Obama proposes raising taxes] [20110908 Obama speech 447B USD Jobs plan]

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Thursday, February 24, 2011

Indiana Republican Official: No Compromise With Absent Democrats On GOP Proposals

INDIANAPOLIS — A political stalemate in Indiana showed no signs of ending anytime soon as House Democrats met privately Wednesday in an out-of-state hotel and Republicans refused to negotiate away their legislative agenda to lure them back.

While the tactic mimicked one used a week earlier by Senate Democrats in Wisconsin who fled to delay a vote on an anti-union bill, the Indiana Democrats said their protest was not about one GOP-backed proposal but a slate of them. In both states, Democrats don't have the votes to defeat the proposals, but by not showing up they can prevent the required quorum necessary to call the measures for a vote... http://www.huffingtonpost.com/2011/02/24/indiana-republican-offici_n_827580.html