Operative word conveniently omitted
“much”
Boehner should just have a press conference and say Obama believes that tax increases will help this country. So we are reluctantly going along. Say it so it can be a republican campaign commercial in 2014 and the media cannot change it.
Then sit back and wait. We are going to have to bend over one way or the other. Might as well do it in a way that Obama cannot claim it was Congress’s fault.
I think another operative word is 2013. I suspect a lot of taxpayers won’t see the real impact until they file their 2013 taxes in April 2014 and find themselves writing a big check to Uncle Sam because too little was withheld in 2013. In 2014 we will see those taxpayers assessing the real cost and doing tax planning to the extent possible. Whatever slowdown happens in 2013 is likely to pale compared to 2014 defensive tax planning.