GOP issues new 'fiscal cliff' offer to Obama

WASHINGTON (AP) -- House Republicans on Monday proposed a new 10-year, $2.2 trillion blueprint to President Barack Obama that calls for increasing the eligibility age for Medicare and lowering cost-of-living hikes for Social Security benefits.The proposal from House Speaker John Boehner, R-Ohio, and other Republicans comes in response to Obama's offer last week to hike taxes by $1.6 trillion over the coming decade but largely exempt Medicare and Social Security from budget cuts.The GOP plan also proposes to raise $800 billion in higher tax revenue over the decade but it would keep the Bush-era tax cuts - including those for wealthier earners targeted by Obama - in place for now.Boehner said the GOP proposal is a \credible plan\ for Obama and that he hopes the administration would \respond in a timely and responsible way.\ The offer comes after the administration urged Republicans to detail their proposal to cut popular benefits programs like Medicare, Social Security and Medicaid.\After the election I offered to speed this up by putting revenue on the table and unfortunately the White House responded with their la-la land offer that couldn't pass the House

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