Boehner offers fiscal cliff counter-proposal

House Republican leaders Monday endorsed a far-reaching plan to rein in the national debt that that would raise $800 billion in new tax revenue, slice $600 billion from federal health programs and apply a stingier measure of inflation to Social Security benefits.

In a letter to President Obama, House Speaker John A. Boehner (R-Ohio) and other senior Republicans suggested that the framework – first laid out by Democrat Erskine Bowles during last year’s budget battles – should serve as a starting point for budget talks aimed at averting the year-end fiscal cliff.

Read the whole story

Lori Montgomery covers U.S. economic policy and the federal budget, focusing on efforts to tame the national debt.
Comments
Show Comments
Most Read Politics
Next Story
Rosalind S. Helderman · December 3, 2012