Fri, Jul 11, 2014, 9:41 AM EDT - U.S. Markets close in 6 hrs 19 mins

Recent

% | $
Quotes you view appear here for quick access.

Nuance Communications (NUAN) Message Board

  • hooveredbyndavis hooveredbyndavis Mar 2, 2013 1:17 PM Flag

    Sequester solutions sans labels

    "You'll Be Surprised To Hear How People Want To Avert The Sequester
    Walter Hickey | Feb. 26, 2013, 8:48 PM | 5,344 | 7

    Most Republicans don't actually support the House Republican plan to avert the spending cuts known as the sequester, according to a new poll conducted for Business Insider by our partner SurveyMonkey.

    The poll asked participants to consider the core points of three sequester replacement proposals in Congress, without telling them the partisan affiliation of those plans. It found that in some cases, both Democrats and Republicans actually opposed their own party's plans and/or backed their adversaries' proposal.

    Here are the three plans we tested:

    The Senate Democratic plan cancels the $85.3 billion in 2013 sequester cuts and replaces them with a mix of spending cuts and tax hikes. The plan saves $27.5 billion by cutting farm subsidies and raises $55 billion by cutting tax deductions for oil companies and by implementing the Buffett Rule, which sets a minimum tax rate for incomes over $1 million.
    The 2012 House Republican plan would cancel the $55 billion in sequester defense cuts for 2013 and replace them by shrinking funding to food stamp programs, cutting $11.4 billion from the public health fund in the Affordable Care Act, and cutting the Social Services Block Grant program, among others.
    The House Progressive Caucus plan replaces the entire sequester with a new plan with equivalent savings. It accomplishes this by ending subsidies to fossil fuel companies, closing several tax loopholes, cutting the corporate meal and entertainment tax deduction at 25 percent, and enacting a 28 percent limit on certain tax deductions and extensions.

    Surveys have found that asking people about just titles of plans or telling people who proposed policy, changes the results, so the point of this poll was to see what people thought of the plans when they were fully explained, but also stripped of partisan labels."

 
NUAN
18.13-0.08(-0.43%)9:40 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.