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December 4, 2012
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National Pulse 
  • Republicans offer their own deficit-reduction plan
      
    Boehner/Reuters
    House Republicans have made a counteroffer as the fiscal negotiations continue, proposing $800 billion in increased tax revenues, but also making $600 billion in Medicare cuts and reining in Social Security benefits. The offer hews closely to the pre-election plans discussed by President Barack Obama and House Speaker John Boehner, but stops well short of the White House's more recent proposal. "What we are putting forth is a credible plan that deserves serious consideration by the White House," said Boehner, R-Ohio. The Wall Street Journal (12/4) , The Washington Post (12/3) LinkedInFacebookTwitterEmail this Story

  • Democrats dismiss Republican deficit counteroffer:   The Obama administration and congressional Democrats shrugged off the GOP's fiscal counteroffer on Monday, with White House communications chief Dan Pfeiffer saying the plan "includes nothing new and provides no details." The GOP needs to "get serious" and open the door to higher tax rates in order to achieve a balanced deal, Pfeiffer added. BuzzFeed (12/3) , The Washington Times (12/3) LinkedInFacebookTwitterEmail this Story
Agenda Items 
  • 8 ways policymakers can put the economy back on track
      
    Reuters
    A panel of experts assembled by National Journal offer their thoughts on how to fix the country's economic problems. Their eight-point to-do list includes policy proposals designed to make America more innovative, to tackle unemployment, to curb medical costs, and to renew the country's infrastructure. "Some of the problems seem fixable, even in this era of political discord," the magazine notes. National Journal (12/3) LinkedInFacebookTwitterEmail this Story

Data Points 
  • Dividend tax-rate hike might not hurt stocks, experts say
      
    Reuters
    Data show that dividend stocks actually underperformed after the dividend tax rate fell to 15% in 2003, suggesting that an increase in dividend taxation might not negatively impact stocks' performance, writes Bank of America's Savita Subramanian. "[T]he impact of a dividend tax change would not be as dramatic as some investors expect," she argues. Business Insider (12/3) LinkedInFacebookTwitterEmail this Story

The Conversation 
Daily Chuckle 
  • What Obama's Twitter messages really mean
      
    Obama/Reuters
    President Barack Obama held a Twitter town hall session on Monday -- but to the uninitiated his 140-character messages can seem a little cryptic. Gonzalo Cordova argues that the president is using code words to get his real point across. "The hashtag #my2K has nothing to do with the fiscal cliff. This is his new nickname for Kim Kardashian," Cordova explains. Comedy Central (12/3) LinkedInFacebookTwitterEmail this Story

SmartQuote 
The voice of the people is the voice of humbug."
--William Tecumseh Sherman, American general
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