Skip to comments.House GOP tax plan runs into Senate GOP resistance
Posted on 02/25/2014 1:11:29 PM PST by Olog-hai
House Republicans havent even officially unveiled their massive plan to overhaul the tax code and the top Republican in the Senate is already pronouncing it dead.
Senate Minority Leader Mitch McConnell, R-Ky., said Tuesday he sees no hope for enacting tax overhaul legislation this year. He blamed Democrats for trying to use the issue to raise revenue by $1 trillion. McConnell said the object of overhauling the tax code should be making the nation more competitive, not raising more money for the government.
McConnells remarks came a day before the Republican chairman of the tax-writing House Ways and Means Committee, Rep. Dave Camp of Michigan, was to unveil a massive tax plan three years in the making.
Camps plan would cut income tax rates but impose a new surtax on some high-income families, said a GOP aide who wasnt authorized to discuss the plan by name and spoke on condition of anonymity. The top income tax rate for most families would be lowered from 39.6 percent to 25 percent. However, the plan would impose a new 10 percent surtax on some earned income above about $450,000.
(Excerpt) Read more at bigstory.ap.org ...
Oh, what a surprise!!
There is ONLY one thing the EXEMPT care about.
.... and that is the EXEMPT, and accruing more
money for themselves, their EXEMPT families,
and their EXEMPT staff.
Maybe obama gave Boehner marching orders when he sent for him today.
Yeah, Bonehead seemed happy at the invitation perhaps because he knows his days are numbered. When he gets deposed either by Pelousy or by another GOP speaker, he will be amazed how little regard the Clown leader of the US has for him.
Turtle Harry McConnell.
Dump the turd-le.