To the editor:
Re: House Republican leaders proposed Monday a new plan to avert the fiscal cliff.
"The plan presented today by House Republicans would raise $800 billion in revenue over the next 10 years without raising tax rates, and offers a balanced, bipartisan approach that addresses the real problem our country faces – one that the president is ignoring – Washington's runaway spending on mandatory programs like Medicare.
... "Unlike the president's proposal of four times as many tax increases as spending cuts, this offer is both reasonable and realistic. It positions Congress to address both fundamental entitlement reform and tax reform in 2013 without doing further damage to the economy. We cannot fix everything in the next couple weeks, but this plan will allow us to hit the ground running in January without facing another recession or higher unemployment."