CHART: All the fiscal cliff offers and counteroffers
http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/19/the-fiscal-cliff-offers-and-counteroffers-in-one-chart/
It can get a bit tough to follow President Obama and House Speaker John A. Boehners back-and-forth debt deal negotiations, so we thought wed put together a simple chart to explain how the two sides positions have evolved as the talks have progressed.
~~
~~
UPDATE: John Boehners proposal to extend the Bush tax cuts for income under $1 million is now included. The revenue figure is for a previous version of that plan, and may be greater than Boehners iteration actually generates Also, a word on interest savings: this is money saved because other deficit reduction measures will reduce the US debt load and thus the amount of money the federal government has to spend paying interest on that debt. As such, the amount is a function of the size of the rest of the package.
The first five figures are courtesy of Goldwein and CRFB, and the last (for Boehners latest volley) is an approximation based on the fact that interest savings typically amount to 15 percent of the interest-exclusive savings in a deficit package.
UPDATE II: Weve revised down the revenue estimate on Boehners proposal to $300 billion (before interest) from $463 billion, reflecting the latest estimates of Boehners particular plan.