...Obama said the deal now on the table would prevent a tax increase for the overwhelming majority of Americans, extend the child tax and tuition credits for families as well as those for clean-energy companies, and extend unemployment benefits for 2 million people. But even then, he said lawmakers still have to figure out how to mitigate the possible damage from sharp spending cuts that are scheduled to start biting January 2, when the federal government reopens after the New Year's holiday....
Sean Furr~ Aren't these the same Bush tax cuts that the Dems said put an undue burden on the Middle Class? So then, wouldn't it be good for the Middle Class for these tax cuts to expire? As to the "Fiscal Cliff" crap: Wouldn't deep cuts in government spending actually help the economy? Unless of course, you have only read Keynes.
16 minutes ago · Like
R. George Dunn~ The burden came from expanding tax revenue by more people making a living. That is our goal, Jobs. But the small hike in taxes can be eliminated by payroll deductions to balance in say April, retroactive to January first.
500 billion from defense and 5000 billion from the rest. It is needed pronto. We must care for the body of the economy the same way we got here. We must do what Obama wants on the tax issue and change it next time. We need the farm bill extended and we need unemployment extension. We don't want full death tax.
take the trillion dollar cut and the $450,000 ceiling on wealth tax. Do remember, most rich people don't have wages. You tax capital gain and you stifle growth. Best get tax out of doing business in America so we can get back to work.
Not Obamacare, but HSA/IRAs, privately owned, local investment option, States' mandated, by choice.