GOP plan would raise Medicare age, lower Social Security COLAs, while raising $800B in revenue

  • Article by: ANDREW TAYLOR , Associated Press
  • Updated: December 4, 2012 - 12:42 AM
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  • Comments

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matteotorgyDec. 3, 12 2:16 PM

So let me get this straight. Obama's proposal involves increasing the highest marginal tax rate from 35 to 39.6%, so that only income dollars that exceed $250,000 are subject to a tax hike, at a time when we have $17 trillion in national debt and the lowest tax revenue as percent of GDP in the history of our nation. The Republican proposal is to cut taxes for the wealthy but increase the Medicare and Social Security eligibility age and eliminate mortgage interest and charity deductions. Hmmm.... Which one helps middle class families.... Hmmm.... Which plan is the product of marianette puppets controlled by puppet master Koch Brothers.... Hmmm.... This is a tough one.....

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roymercerDec. 3, 12 2:25 PM

I'm deeply concerned that low-awareness voters will be tricked into thinking that tax increases of any amount will do anything substantive to reduce the deficit.

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flatstanleyDec. 3, 12 2:28 PM

So instead of raising the tax rate on our top 2% we should ask our elderly to work even longer and individuals who are seniors and/or disabled should be given a lower cost of living increase? We should be lowering the Medicare eligibility rate and not increasing it. On top of that SS does not add to the deficit, so why is that even up for discussion?

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dirtydogsDec. 3, 12 2:31 PM

GOP yet again out to stick it to the middle class by eliminating medicare benefits, or at the very least making them work longer before they kick in. Can anyone tell me how long these politicians have to wait before their retiree government sponsored taxpayer funded health benefits kick in?

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ciamanDec. 3, 12 2:35 PM

Look, the President is acting like he won a large mandate. In fact, he barly won. And now he is always patting the Speaker of the House like he is some pet of the Presidents. Get real, President Hussian Barack Obama. He is offering to cut 1.6 trillion dollars over the next 10 years? What a joke. And then he now wants another 200 billion more to spend at his lesiure. This President is in some other world. The United States is now 16.4 trillion in the hole and by the time this President is done, we will be about 21 trillion more in the deep hole. The Republicans say that there has to be some cut in the growth of medicare and Medicaid and Social Security. Everyone in Washington knows this is the truth. With 75 million Baby Boomers alrady retiring and the big waves are still coming, then what? The U.S. use to allow many skilled people from Europe to come to our country. Now? There are many more people coming here with few skills and only will need more buying. On their behalf. The President and the Democrats only know how to spend. Not how to rein in the out of control spending. Until the Democrats and the President show more remitting then they are showing now, the draw will continue.

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stillamarineDec. 3, 12 2:39 PM

Protect the richest at the expense of future generations. The true Republican way.

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jingalls08Dec. 3, 12 2:41 PM

I BELIEVE IN LEADERSHIP BY EXAMPLE. BEFORE WE START PENALIZING THE TAX PAYERS FOR YOUR INABILITY TO PERFORM YOUR JOBS, LETS LOOK AROUND CONGRESS(PERKS) AND THE WHITE HOUSE FOR A PLACE TO START MAKING CUTS. THE PERKS THAT CONGRESS ENJOYS IS AN ABSOLUTE TRAVESTY. THATS WHERE WE SHOULD BE LOOKING

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jingalls08Dec. 3, 12 2:44 PM

FORGOT TO SIGN MY COMMENTS JOHN INGALLS

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smdentDec. 3, 12 2:48 PM

I hope President Obama holds tight and let the Republican continue the fall off the cliff with their retread ideas. 68% of Americans feel the top 2% do not pay their fair share in taxes. I agree with the 68%. Please President Obama, stick with your campaign pledge and don't balance the budget on the backs of the American middle class, seniors, disabled and poor.

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avejoeconDec. 3, 12 2:52 PM

Dems keep saying that tax breaks don't create jobs and that Clinton's tax rate ran a Surplus (which it didn't if you look at any Website that lists debt by year). So, lets go back to the Tax rates under clinton....AND... the spending under Clinton. BTW, when clinton was in office, 20% fo the people didn't pay FIT. Now it is nearly 50%!

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