The Gunfight at the OK Corral Gang of Six is a bipartisan group of three Democrats and three Republican senators tasked with drafting a realistic proposal to reduce the nation’s debt and rein in the deficit that can pass the Congress and avoid President Obama’s veto pen. Here’s a breakdown of the gang members.
Democrats: • North Dakota Sen. Kent Conrad, chairman of the Senate Budget Committee. • Illinois Sen. Dick Durbin, Senate Majority Whip • Virginia Sen. Mark Warner, member of the Senate Budget Committee.
Republicans: • Georgia Sen. Saxby Chambliss, member of the Senate Committee on Agriculture, Nutrition and Forestry. • Idaho Sen. Mike Crapo, member of the Senate Budget Committee. • Oklahoma Sen. Tom Coburn, member of the Senate Finance Committee.
This is the group that is going to pass a plan to cut spending by $3.7 trillion over the next decade that includes a major overhaul of the tax code and alterations to the way the federal government pays for Social Security and Medicare. By eliminating loopholes and write-offs in the tax code, the proposal would beef up the Treasury’s coffers by more than $1 trillion, gang members say.
Also, the plan would immediately reduce the marginal income tax rate, abolish the alternative minimum tax, create an entirely new set of tax brackets and slash $80 billion from defense.
I hope this plan passes.
Or, we are all f—–.
The Anacostia Diaries 