
From the "goddamn, that sounds familiar" file, compliments of HuffPo:
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.
"Two nights ago, the president said, 'We haven't seen a budget yet out of Republicans.' Well, it's just not true, because here it is, Mr. President," said House Minority Leader John Boehner (R-Ohio), waving a blue document in the air.
"Today we're introducing a detailed road-to-recovery plan," he told the reporters. Other than the tax proposal, however, the plan was absent any details. Instead, it hammered the Democratic budget as too expensive.
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.)
A third reporter asked Boehner about the Republican goal for deficit reduction, noting President Obama aimed to cut it in half in five years. "What's your goal?"
"To do better," said Boehner.
"How? How much?"
"You'll see next week."
With no due respect, Rep. Boehner, we've already experienced trickle-down economics and we didn't like what landed on us.




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