Republicans offer their own deficit-reduction plan

12/4/2012 | Wall Street Journal, The · Washington Post, The

House Republicans have made a counteroffer as the fiscal negotiations continue, proposing $800 billion in increased tax revenues, but also making $600 billion in Medicare cuts and reining in Social Security benefits. The offer hews closely to the pre-election plans discussed by President Barack Obama and House Speaker John Boehner, but stops well short of the White House's more recent proposal. "What we are putting forth is a credible plan that deserves serious consideration by the White House," said Boehner, R-Ohio.

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Wall Street Journal, The · Washington Post, The

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