Posted on 12/08/2012 9:56:14 AM PST by Son House
In an interview with Bloomberg TV this week, Obama also hinted at a possible long-range solution, saying lower tax rates for the wealthy could be negotiated as part of broader tax reform in 2013, but only after those rates increase now.
(Excerpt) Read more at cnn.com ...
No matter if it hurts the economy.
No matter if it hurts small business or investors.
There's no reason for this kind of logic, it will only temporarily, if at all, save the public sector from a Fiscal Cliff Government itself created. What "is not being said", CNN, is the private sector is shoved over the Fiscal Cliff anyhow.
Look at some other options and there is no good reason for tax rate increases or to eliminate deductions.
Government can raise the debt ceiling.
Government can print money via electronic transfer.
Government can slow spending.
Millionaires and Billionaires aren't the ones being effected, employers and investors will be the ones discouraged most from participating in the economy. The tax payers who could most effect improving the private sector economy should not be taxed more because inept politicians can't curtail their budgeting outflows.
Stop the economic nonsense! It's not the right way to increase Government revenue.
Good Luck expecting that the gov’t who built the cliff is going to stop short of the edge. Why build it if you are not going to use it?
They talk about ‘uncertainty’ causing our malaise, but there’s nothing uncertain about the deficit. Taxes/costs are going up on EVERYONE! That is certain.
The key is how to ‘flameproof’ yourself from the fallout.
Bill Clinton
“Probably there are people in this room still mad at me at that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too”
This sequestration is a joke. It’s like Boehner negotiated this stupid agreement to bind his hands on purpose. Now there’s no way out. Either raise taxes for everyone or just the top 2%. Does anyone think he’ll choose the former. When we go over the fiscal cliff Republicans will be loudly blamed if taxes go up on everyone.
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