P. 1
Boehner Plan

Boehner Plan

|Views: 50,348|Likes:
Published by Andy Kroll

More info:

Published by: Andy Kroll on Jul 25, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

07/10/2013

pdf

text

original

TWO-STEP APPROACH TO HOLD PRESIDENT OBAMA ACCOUNTABLE

‣ ‣ ‣ ‣ ‣
CUTS THAT EXCEED THE DEBT HIKE CAPS TO CONTROL FUTURE SPENDING BALANCED BUDGET AMENDMENT ENTITLEMENT REFORMS & SAVINGS NO TAX HIKES
SPEAKER JOHN BOEHNER

CUTS THAT EXCEED THE DEBT HIKE
The framework includes: ‣ Spending cuts that would exceed the amount of the increased debt authority granted to the President ‣ Cut and cap discretionary spending immediately, saving $1.2 trillion over 10 years (subject to CBO confirmation) ‣ Raise the debt ceiling by less – up to $1 trillion – to approximately February.
SPEAKER JOHN BOEHNER

CAPS TO CONTROL FUTURE SPENDING
The framework imposes: ‣ Spending caps that would establish clear limits on future spending. ‣ Failure to remain below these caps will trigger automatic across-the-board cuts. ‣ Same mechanism used in the 1997 Balanced Budget Agreement.
SPEAKER JOHN BOEHNER

BALANCED BUDGET AMENDMENT
The framework: ‣ Advances the cause of the Balanced Budget Amendment by requiring the House and Senate to vote on the measure after October 1, 2011 but before the end of the year. ‣ Allows the American people time to build sufficient support for this popular reform.
SPEAKER JOHN BOEHNER

ENTITLEMENT REFORMS & SAVINGS
The framework:

‣ ‣ ‣ ‣

Creates a 12-member Joint Committee of Congress that is required to report legislation – by November 23, 2011. Proposal must reduce the deficit by at least $1.8 trillion over 10 years. Each Chamber would consider the proposal of the Joint Committee on an up-or-down basis without any amendments. If the proposal is enacted, then the President would be authorized to request a debt limit increase of $1.6 trillion.
SPEAKER JOHN BOEHNER

NO TAX HIKES
The framework includes no tax hikes, a key principle that Republicans have been fighting for since day one.

SPEAKER JOHN BOEHNER

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->