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Kent Conrad (D-ND) says there will be a plan coming soon, but it might be the Gang of Six’s. He “said the plan calls for a complete overhaul of the tax code -- stripping numerous tax write-offs while lowering income tax rates -- but would leave Social Security untouched. The overhaul would boost overall taxes by about $1 trillion over the coming decade,” AP writes.
Roll Call writes, “The much-hyped ‘gang of six’ is on the verge of being left behind. Democratic and Republican leaders have never been overly enthusiastic about the bipartisan group and have already started looking for other ways to cut a deal on the budget and raising the debt limit. And with the group still unable to reach an agreement despite months of negotiations, Senate Budget Chairman Kent Conrad said Tuesday he is prepared to go forward in his committee with a budget blueprint of his own as soon as next week. … Conrad said the group’s talks haven’t yet produced a deal, although he still hopes they will. In the meantime, he’s obligated as Budget chairman to move forward anyway. ‘I’m running out of time,’ Conrad said.”
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According to the ADP Report, employment in the service-providing sector rose by 138,000 in April, marking 16 consecutive months of employment gains. Employment in the goods-producing sector rose 41,000, the sixth consecutive monthly gain. Manufacturing employment rose 25,000, the seventh consecutive monthly gain. Now this is good news!
I'm for cutting loop holes and subsidies to mega businesses whose profits are excessive. But no more cutting taxes. And leave medicare, medicaide and social security alone. Keep shifting through stuff to find waste and ways to save money without hurting benefits but that is it. What's going on with the fiscally responsible? You spend money during recessions and save during booms. Bush screwed that formula up and we didn't have enough to give the recession the robust burst of money it needed. So recovery has been slow but at least we are recovering despite the best efforts by Boehner and friends.
Too much credibility is being given to this gang of six when the GOP leadership is trying to one-up each other and position themselves for their own election or re-election. The Republican and TEA party are in it for themselves and their money backers. This fighting will continue to the 2012 election. There is too much waste in the budget and the earmarks must be eliminated completely. The current Congress should work on getting jobs, jobs and more jobs.
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You said that already Lou; on several other threads too, no less. What gives? Cat got your tongue or did that elephant you were petting step on you?
Never seen a squeal penned as "bla bla, bla bla,..." ad nauseum before. Always thought that was "weeeee-weeeeee-weeeee" all the way home.
if the american peopls buy into the republicans plans tahn we all are in the poor house. The republicans are just in it for themselves. they don`t have to rely on health care (they are covered), retirement benefits ( be in office for 2 years and your set), or social security, well you get the picture. These republican leaders are a bunch of fat cats. The tea party was for small govenrment until they got the job. The republicans ran on jobs, jobs jobs but what have they been talking about.....anything but JOBS.
They say they would create jobs than wher are they that is the question that we all need to be asking the republicans, where are the jobs that you all promised??? Nooo they want to talk about abortion something that has already been taken care of and they keep beating the dead horse why you ask? They have nothing else that is why... IT`S THE JOBS STUPID!!! JOBS - JOBS - JOBS..... How soon they think we forget. Have you all forgtten about the promise to create jobs? I guess so...
Never said I could spell :0))