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BREAKING: GOP Counters WH Offer on Fiscal Cliff, Embraces Bowles-Simpson Variant

Gordon110 Wrote: Dec 03, 2012 6:31 PM
Not to mention the well known fact that any tax rate higher than about 37% results in an exponential drop off of revenue as the tax rate increases, but liberals will tell you that is wrong too.

Well, this move by Speaker Boehner doesn't exactly follow my Simpson-Bowles playbook to a tee -- but Erskine Bowles does make an appearance, and Republicans are going on (realistic, reasonable) offense.  In a new letter addressed to the president, House Republican leaders firmly reject the president's non-starter "proposal," pointedly decline to counter with an equally unrealistic wish list, and offer an alternative bipartisan solution: