In part, "The House Republican plan would suspend the debt cap until Dec. 31, 2014, according to a proposal distributed by party leaders to Republican members and obtained by Bloomberg News. House Republicans said it is a plan that would save at least $256 billion from budget revisions and changes to entitlement programs. Republicans plan to add to the measure a one-year delay of Obama’s health-care law, instructions for revamping the U.S. tax code, an authorization to build the Keystone XL pipeline and reductions in government regulations. Republicans will seek to increase means-testing for Medicare, reduce the Medicaid provider tax, revise medical malpractice law and eliminate a public-health fund as part of the 2010 Affordable Care Act.bThey want to eliminate social services block grants and require a Social Security number in order to receive a child tax credit, according to the proposal. Also being considered is a proposal to eliminate a provision in the Dodd-Frank Act that would end regulators’ authority to seize and dismantle financial firms if their failure could damage the stability of the U.S. financial system. Another proposal would gut mandatory spending for the Consumer Financial Protection Board and revise the federal employees retirement system. Republicans plan to include what they describe as economic growth measures such as encouraging offshore energy production, energy production on federal lands and blocking Environmental Protection Agency greenhouse-gas and coal-ash regulations."
Posted on: Sat, 21 Sep 2013 12:42:05 +0000
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