Friday, September 27, 2013

Debt Ceiling Ransom Letter

Have you seen the Republicans demands to fund the debt?  Talk about a handout to the rich and powerful.  They really are insane if they think they are going to get all of this.  
  • One Year Debt Limit Increase
    • Not a dollar amount increase, but suspending the debt limit until the end of December 2014.
      • Similar to what was done earlier in the year.
    • Want the year long to align with the year delay of Obamacare.
  • One Year Obamacare delay
  • Tax Reform Instructions
    • Similar to a bill passed last fall, laying out broad Ryan Budget principles for what tax reform should look like.
    • Gives fast track authority for tax reform legislation
  • Energy and regulatory reforms to promote economic growth
    • Includes pretty much every jobs bill passed this year and last Congress
    • All of these policies have important positive economic effects.
    • Energy provisions
      • Keystone Pipeline
      • Coal Ash regulations
      • Offshore drilling
      • Energy production on federal lands
      • EPA Carbon regulations
    • Regulatory reform
      • REINS Act
      • Regulatory process reform
      • Consent decree reform
      • Blocking Net Neutrality
  • Mandatory Spending Reforms
    • Mostly from the sequester replacement bills passed last year
    • Federal Employee retirement reform
    • Ending the Dodd Frank bailout fund
    • Transitioning CFPB funding to Appropriations
    • Child Tax Credit Reform to prevent fraud
    • Repealing the Social Services Block grant
  • Health Spending Reforms
    • Means testing Medicare
    • Repealing a Medicaid Provider tax gimmick
    • Tort reform
    • Altering Disproportion Share Hospitals
    • Repealing the Public Health trust Fund



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