In response to:

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

Kevin348 Wrote: Dec 03, 2012 8:52 PM
Taxing the wealthy = 700,000 non-wealthy will lose their jobs.
Ress Wrote: Dec 03, 2012 9:09 PM
700,000 or some number will lose jobs, and the rest of us will be paying more for less and less. And the economy shrinks and more of the same will occur until it hits rock bottom.
byeBarry Wrote: Dec 03, 2012 8:54 PM
Chestertonfan Wrote: Dec 03, 2012 9:03 PM
I agree. I think that E&Y ( or was it KPMG?) seriously underestimated the unintended consequences of businesses and $ leaving the US. It is not just about not hiring the marginal worker, it will be more serious, because the current admin hates business and they don't understand it.

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: