LETTER TO THE EDITOR: ‘Fiscal cliff’ solution?

Question of the Day

Is it still considered bad form to talk politics during a social gathering?

View results

With President Obama and House Republicans claiming dueling mandates from the election, it is hard to see how the two sides will reach a deal averting the looming “fiscal cliff” (“Uneasy fix to ‘fiscal cliff’ in works,” Web, Sunday). Constraining tax rates and spending is insufficient; our leaders need to think outside the box to strike a deal and save the economy.

The GOP wants to stop $55 billion in defense cuts, while the Democrats want to stop $55 billion in domestic cuts, but we need to cut spending, period. Thus, the cuts to both programs should be sliced in half, leading to a more manageable $28 billion in reductions.

Next, Mr. Obama should accept an extension of all George W. Bush-era tax rates, including those for the wealthiest Americans, giving both sides a full year to pass meaningful tax reform. After getting their way on this issue, Republicans should agree to a framework on immigration reform in which illegal immigrants who have been here 10 years or more qualify for legal-resident status and their children can get citizenship in exchange for military service while we simultaneously secure the border. Passing this comprehensive bill would get the GOP a big win on taxes while Mr. Obama could claim victory on immigration reform.

It also would be a small down payment on the deficit through realistic spending cuts, and it could save the U.S. economy in the process. This would give Congress and the president all of 2013 to achieve meaningful entitlement reform and the tax code.

SCOTT RUESTERHOLZ

Washington

© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.

Comments
blog comments powered by Disqus
TWT Video Picks
You Might Also Like
  • Maureen McDonnell looks on as her husband, former Virginia Gov. Bob McDonnell, made a statement on Tuesday after the couple was indicted on corruption charges. (associated press)

    PRUDEN: Where have the big-time grifters gone?

  • This photo taken Jan. 9, 2014,  shows New Jersey Gov. Chris Christie gesturing as he answers a question during a news conference  at the Statehouse in Trenton.  Christie will propose extending the public school calendar and lengthening the school day in a speech he hopes will help him rebound from an apparent political payback scheme orchestrated by key aides. The early front-runner for the 2016 Republican presidential nomination will make a case Tuesday Jan. 14, 2014, that children who spend more time in school graduate better prepared academically, according to excerpts of his State of the State address obtained by The Associated Press. (AP Photo/Mel Evans)

    BRUCE: Bombastic arrogance or humble determination? Chris Christie’s choice

  • ** FILE ** Secretary of State Hillary Rodham testifies on Capitol Hill in Washington, Wednesday, Jan. 23, 2013, before the Senate Foreign Relations Committee hearing on the deadly September attack on the U.S. diplomatic mission in Benghazi, Libya, that killed Ambassador J. Chris Stevens and three other Americans. (AP Photo/Pablo Martinez Monsivais, File)

    PRUDEN: The question to haunt the West

  • Get Breaking Alerts