House Republican leaders called a press conference Thursday to unveil their “alternative budget.” While it was thin on specifics, it does include one major policy proposal: a huge tax cut for the wealthy.
Under the Republican plan, the top marginal tax rate would be slashed from 35 to 25 percent, facilitating a dramatic transfer of wealth up the economic scale. Anyone making more than a $100,000 would pay the top rate; those under would pay 10 percent.
Reporters — mainstream, liberal and conservative — greeted the Republican document with a collective scoff.
“Are you going to have any further details on this today?” the first asked.
“On what?” asked Boehner.
“There’s no detail in here,” noted the reporter.
Answered Boehner: “This is a blueprint for where we’re going. Are you asking about some other document?”
A second reporter followed up: “What about some numbers? What about the out-year deficit? What about balancing the budget? How are you going to do it?”
“We’ll have the alternative budget details next week,” promised Boehner. Minority Whip Eric Cantor (R-Va.) had wisely departed the room after offering his opening remarks. (”Today’s Republican road-to-recovery is the latest in a series of GOP initiatives, solutions and plans,” he had offered.)
Source: Huffington Post
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