Thursday, December 6, 2012

Republican and Democratic Fiscal Cliff plans

I just thought it might be helpful to print out here the different offers of both parties:
Taxes
GOP plan: (as of Monday) 800 Billion tax plan by closing loopholes and deductions

White House Plan: 1.6 Trillion by closing loopholes and raising taxes.


entitlement reform:

GOP Plan: saving 600 billion by raising Medicare eligibility to 67

White House Plan: 350 billion from entitlement reform

Social Security:

GOP Plan: saving 250 Billion by changing payment calculation

White House Plan: Not addressed

At this present rate having this resolved before January 1st is questionable.

All facts from NBC Nightly News last Monday.

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