Gang of Six Proposal

July 22nd, 2011
in econ_news

gang-of-six Econintersect:  One of the best summaries of the proposal from the “Gang of Six” was found today in Employee Benefit Advisor. The article by Andy Sullivan and credited to Reuters gives a list of 28 specific items that the proposal covers.  The “Gang of Six” is comprised of the following senators: Mark Warner (D-Va.), Kent Conrad (D-N.D.), Richard Durbin (D-Ill.), Tom Coburn (R-Okla.), Saxby Chambliss (R-Ga.), and Mike Crapo (R-Idaho).

Follow up:

The 28 specifics fall into eight categories:

  • Goals
  • Immediate Cuts
  • Broader Reforms
  • Tax-code Rewrite
  • Overhaul of Benefit Programs
  • Enforcement Mechanisms
  • Getting it Passed
  • Social Security

To read the 28 individual items, click through to the source (Employee Benefit Advisor).

Which of the proposals will be the hardest to reach agreement on in the broader Capitol Hill community?  The opinions vary.  The Christian Post suggested it might be the repeal of the AMT (Alternative Minimum Tax).  The Huffington Post said it might be a standoff between the right and the left over tax increases and benefits cuts, respectively.   The Wall Street Journal editorial of July 23 gives two impediments:  (1) Deeper cuts are needed to pass the House; and (2) The president is grandstanding.

GEI Editor’s note: We find it curious that no other grandstanding was mentioned.

Sources:  Employee Benefit Advisor, Christian Post, Huffington Post and The Wall Street Journal

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved