John Boehner makes a new offer to President Obama in hopes of reaching a deal to resolve the impending fiscal cliff. NBC's Kristen Welker reports.
House Speaker John Boehner (R-OH) sent a new offer on Tuesday afternoon to President Barack Obama in hopes of reaching a deal to resolve the impending fiscal cliff.
Specific details are scarce, but the proposal apparently was made as a counter-offer to something the White House had proposed over the last few days. A GOP aide said the White House plan offered $1.4 trillion in new revenue, but the GOP still not moved from offering $800 billion in revenue.
Boehner spokesman Michael Steel told NBC News the following:
"We sent the White House a counter-offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more American jobs. As the Speaker said today, we're still waiting for the White House to identify what spending cuts the president is willing to make as part of the "balanced approach" he promised the American people. The longer the White House slow-walks this process, the closer our economy gets to the fiscal cliff."
Speaker of the House John Boehner provides an update on the fiscal cliff negotiations, placing pressure on the White House to reveal how they intend to compromise with House Republicans on spending cuts.
Since this is a new offer, it’s assumed to be different from the one put forward last week by the GOP that called for $800 billion dollars in new revenue through closing tax loopholes and deductions, along with an additional $600 billion in savings through cuts to entitlements.
A GOP aide opined to NBC News that the president must move more quickly on “the spending side” before any deal could hope to be accomplished. A major sticking point to date has involved how much ground Republicans would give on tax rates for the wealthy.


Raise taxes on everyone and cut spending equally.
Cut spending on WHAT!
your side with the problem is always spending are ridiculous.
Since WWII we have averaged govt revenues of 18+% of GNP. We are now in the 15+% range.
Can your side name a single country that has tried your reduce deficits first to stimulate the economy where it works?
Your side is so oblivious to reality it is amazing you make it home at night
We will raise the taxes on the 2% or we will go over the cliff and talk about lowering taxes on the 98% first thing in the new year. As for entitlements, I am all for taking IOWARETIREE's play money away. Social Security was meant as a safety net for the poor. I would be all for means testing before distributing SS dollars. For those wealthy "few" who complain that they paid in as well all those years, I would respond 1) the government left an IOU slip in the fund after taking all your cash and 2) you need to think of SS as term life insurance... you pay in and hope you don't need to cash out. Again... means testing!!
55plus40, so decides who gets ss? Maybe u don't qualify by their standards. Are you ready for that? If you want to help ss. How about the 20 year old with 5 kids and daddy is disabled? or I hurt my back and can't work ever again and I'm 17. Was that what ss was meant for? I don't think so.
The only time these "Do Nothings" "Do Something" is when there is something in it for them!
What a facde from the house of ill repute.
Good ole shake n bake.
It will take a lot more than that. Quit building billlion dollar planes that don't work.
I like you 55plus
I'm not interested in cuts to SS & Medicare after paying in for a lifetime of work. I demand what is promised. I will not accept such cuts until every last dime of corporate welfare & foreign aid are eliminated. I will also not accept cuts until the military, other forms of welfare and government health care & pensions are cut to the bone. Only then will I agree to these cuts if its absolutely necessary. Stop trying to screw the American people.
gdale6, if you are over 55 there is no cut. How dumb are you? If you don't increase the age, it's all going to go away, or taxes have to go up up up/
Well said gadale
There is no way to please the democrats an the Obamanation resgime. They have always wanted to bring down the United States economy. They would not care if the United States fails all together.........
And where are your facts to support that.
who needs facts- its all opinion
Hmmm having lived a 50 year swath of history , and reading " History Books " before Repubs got to re-write it . That is NOT the way it actually happened . "HOME SCHOOLING " is a very bad idea .
WHUT , you taught YOUR kid to be gay ? As you wish DAD . OHH and BTW a couple of my kids where schooled through the church , They are NOT the one's in college . They are the ones with REALITY problems . You Sir HAVE NO CLUE .
As far as homeschooling is concerned (don't know why it is being discussed here) I have seen personally numerous children homeschooled until high school. Every one of them is far advanced compared to their peers. One of them played for the Miami Dolphins and will likely go to Canton - Jason Taylor. How can you denegrate something that outperforms? The public school system, unfortunately, is explained away as striving to be mediocre. Had I not had a high IQ and strong athletic skills I would have probably been mediocre as so many.
.
The trouble is they cap out at $113,000 not enough to support SS. we need to raise that to at least $250,000. Don't touch SS. I repeat don't touch SS. It has nothing to do with the deficit. It is payed for by payroll taxes. Bush just loved to borrow from it.
Since 2010 Social Security has paid out more than it took in. The negative cash flow DOES have to do with the deficit.
Boehner for president 2016!
Yeah all the merlo you can drink. What an idiot.
At least I did not vote for that thing in the white house.
Oh please please please GOP run Boehner for President...sure way for another four years of the Dems....awesome posting...call Rove right away so he can get the plans underway! I will give Hillary a call and tell her to just sit back and relax...2016 is a done deal...don't even need to campaign...
Awesome idea..why didn't I think of that? Boehner would be almost as good as Todd Akin.
...or Giiligan (Paul Ryan)
Man, this is why I don't read comments very often. Its the same ol stuff, smart ass Demos blaming Repubs, and smart ass Repubs blaming Dems. Really, can't you all see it will take tax increases and spending cuts period. The current admin wants us to argue and fight, the splintered population of voters keeps them in power. Nobody wins but them, Washington DC politicians, if you can't see that you are blind mice my friends. I don't give a rats butt if you are Dem or Repub, just as long as you are an AMERICAN. Compromise is the American way, not dictatorship. Obama or any other president or administration, can not and will not tell me how to live my life. Home of the FREE, remember!
People will come together whens its to late to do anything.
Yeah W hated reading his briefs also. So came 911 and so many lives and waste of our money.
Thank you, Tex. I could NOT agree more. I'm amazed at just how brainwashed a majority of Americans have become. I think we should replace every elected official in DC, period. Every single current one, from Obama all the way down to the junior senator, has outlived their usefulness.
Tex - nailed it. The problem is that most of these people don't know or understand what a negotiation is all about. If anyone purchased a home (before the subprime disaster blew the market up and away) they would know what negotiation really is. It is give and take. But, first, both parties must WANT to be in a transaction. Here, it is about political postering, bait and switch, shell games, and lots of pretending. And, pretending that reality is anything but reality.
Oh yes - Caffeine. Term limits would solve a lot. Don't think it is a popular idea in D.C. though.
if ignorant people could understand how social security actualy worked the whole thing would be a lot esier to deal with social security is an INSURANCE POLICY it works like this the whole work force pays a preimim but only 20-30% are collecting at a time which makes it sustainable forever thats how insurance works you ignorant fools so when you spout your totaly ignorant statements about collecting more than you paid in its a big fat DUh! your supposed to if you live long enough. hey idots if your house burns down and your insurance covers it is it not more than you paid in preiums you fools thats called INsurance man people are so stupid
social security is not even part of the budget- it is a trust. Raise the limit that is taxed on ss(106k) and you have secured the trust for another 75 years.
The problem with medicare is the fact the rate of inflation has been over 10% for decades. Doctors are not overpaid(last I saw average pay is 150K), nurses arent either. Dont believe hospitals are noted for being highly profitable business'.
What are- pharma, insurance companies, companies that build medical equipment. Obamacare is a first step designed to slow the rate of growth. Why extend the age(which transfers the burden from the govt to the individual)?
Insurance companies are noted for being low profit, and only averaging 3% a year as an industry. Pharma makes big money.
Medicare only pays out fixed amounts for various things, and still is running 3 to 1 payouts to taxes paid in---because Demo chimps who created the program are stupid.
The Democrats don't want entitlement cuts. If the GOP wants to cut entitlements, they should man-up and say what they want to cut and be willing to take the heat for it from the public if they don't agree.
bigelhad, what in the world does the democrats want? I know keep spending, keep borrfowing and keep giving the 47% more,more,more. Hell no one should have to work. lets all quit and collect entitlement's. What a great society that would be.
So basically, this mean we all (at one point in my lives) benefited from entitlement programsS since examples of government entitlement programs include:
Home Mortgage Interest Deduction
Hope or Lifetime Learning Tax Credit
Student Loans
Child and Dependent Care Tax Credit
Earned Income Tax Credit
Social Security--Retirement & Survivors
Pell Grants
Unemployment Insurance
Veterans Benefits
G.I. Bill
Medicare
Head Start
Social Security Disability
SSI--Supplemental Security Income
Medicaid
Welfare/Public Assistance
Government Subsidized Housing
Food Stamps
toons222 I did like your comment!
It's time to remind the GOP's, that SSA benefits were not intended for a handout to illegal fence jumpers. And the GOV. makes all the states pay out to the illegal fence jumpers.
you mean the Dumbocrats, right?
Shirley ? You surely do not mean to imply that "illegals " get SSI ?
REPORT THEM . Are you stupid ?????
All this hatred brought upon us by the billionares in the media lying to America. Thank Reagan for that.
In an article on Tuesday, 11 December 2012, author Jerry White provided the following description.
Obama was bought, and he sold you out completely progressives. Do not vote democrat or republican in 2014, Vote Socialist Party USA!
Article Title "UAW provides Obama a platform for his austerity assault on workers"
Dumbocrat Swine are trying to make sure the Trough is not Emptied, or even reduced slightly, despite yet another year of trillion dollar deficits looming.
Ok democrats, the house has made two, count them two offers. What has obama offered? The answer to that is nothing. I know, obama won, so shut up and do as god says. Is his memory so short that he doesn't realize that he needs the house? I say republicans give his his raise in taxes for the top 2%. Then tell him there will be no, I repeat no increase in the borrowing menue. Think that will get the jerks attention
To think I was once a republican. I thoght these people were good and probaly was. What we have today is a backward thinking party that only cares against their self interests. Go figure.
Our government hard at work,
New legislation that jumps the death tax to 55 percent of estates exceeding $1 million threatens 526,421 family farms, of about 25 percent of all farms in America, according to a Senate analysis.
According to the analysis from the Senate Republican Policy Committee, chaired by Wyoming's John Barrasso:
If President Obama and Senate Democrats do not act, the federal government will begin taking more than half the value of family farm estates exceeding $1 million beginning next year. This summer, Majority Leader Harry Reid and Senate Democrats passed legislation (S.3412) on a party-line vote that allows Washington to take up to 55 percent, a huge increase over today's top rate of 35 percent, and drop the tax's exemption from $5.1 million to $1 million. The lower exemption -- combined with soaring farm real estate values -- could put more than 420,000 additional farm estates at risk from the death tax.
Farm values are largely tied up in non-liquid assets like land, buildings, and livestock. Many farm and ranch families would be forced to sell their assets to satisfy Washington Democrats' insatiable appetite for tax money. Up to 24 percent of America's farm and ranch families could be forced to hand over a large chunk of their heritage to the Internal Revenue Service when a family member dies. This would economically devastate rural communities. The President and Senate Democrats should join Republicans in rejecting this irresponsible policy.
As a working person, through my payroll deductions since age 16, I pay into Social Security and Medicare. So how is this an entitlement? To me, it's 'earned' benefits.
I haven't always been a fan of Barack Obama, but I'm glad to see that he is standing his grounds. The adminstration offered solution for increase renevues as well as reforms in 'entitlement'. The GOP wants spending cuts, but yet ask the other sides what they want to cut rather than propose their own cuts (besides unspecific loopholes) - am I the only one who sees a disconnect here? BTW, the new counter-offer still lacks specific. Source - CNN, Rueters, ABC, CBS and the cartoon network aka Fox News.
If the GOP or Boehner can get his act together, we should just let the current tax cuts expires. If that happens, the GOP better call up Dick Cheney very fast and tell him his investment (from being a CEO of defense corp previously) will be losing alot of value!!!
Not if you don't live long enough to start collecting SS. If both your parents died in their mid 70's after working 40 years under SS, the government benefits.
What is the percentage of people receiving benefits that exceed what was paid in for their premiums?
en·ti·tle·ment (n-ttl-mnt)n.
1. The act or process of entitling.
2. The state of being entitled.
3. A government program that guarantees and provides
benefits to a particular group
God you NAIVE democrats......... you never learn........... how do you think the wealthy got where they are.......... smarts.......... and lots of it.......... taxing the wealthy more ....... although I don't believe in it.......... they will end up hardly paying anything..... why?............ because they ALWAYS find a way around it........ oh and get off their backs.......... where do you think the jobs come from......... the 47% ?? hahahha that's a good one...... If the wealthy feel threatened they will hunker down (gee like they have been doing !!) and not expand their companies...... ergo...... no jobs morons........
Can't post like a normal human being because the side effects from brainwashing hs kicked in I guess.
I call it ignorant Republican ranting. Usually shows they have no substance in mind or body.
austerity, a lot of things you may be, but normal human is not one of them you are way out there.
Austerity, I really liked your post...
And your punctuation is better too.