Ryan wants entitlement cuts, Reid says 'NO WAY'

[OmahaBlueDog]

35. "No" is not the correct answer. Here is how Reid should negotiate.

Ryan: We want entitlement cuts.

Reid: We want the top median tax rates raised on earnings in excess of $10M raised to 55%


Ryan: No, you don't understand. We want entitlement cuts. And tax reform. We want a flat 20% income tax. It's a fair tax.


Reid: Oh, you want a fair tax? A flat, fair tax? OK, we'll support a national flat 5% property tax on all holdings -- corporate and personal -- in excess of $750,000 -- including stock, real property, bonds, cash, boats, and aircraft.

Every time Ryan proposes something, Reid should just come back with a counter. When we do this again in January, I want Reid to hand the House a balanced budget at pre-sequestration levels -- balanced by higher taxes on the top 10% and an end to a whole slew of energy tax breaks.