Passing such a bill is mostly an exercise in futility anyway.
This bill, as offered, would never get out of committee in the Senate, and if it did, it would never be passed by the Democrat majority.
And should it, against all odds, get reported out and PASSED by the Senate, it would certainly die by veto on the desk of the Current Occupant of the White Hut.
Mostly, any action on “Plan B” is more a gesture than any serious legislation.
The reinstitution of the previous tax rate tables, and the sequestration of spending, as well as the resumption of the previous withholding on FICA taxes, all kick in after January the first.
It all goes smash.
It isn’t the fall that kills you. It is the sudden stop at the bottom.
I saw a clip of last night’s Jay Leno show, this AM on FOX.
Jay Leno said “I heard congress is talking about Plan B for the fiscal cliff....... you KNOW what that means? We really get Plan F and U.”
Yes, but if it did...especially after the Senate passed it...Obama would be the only one in favor of raising taxes on everyone when there was a bill out there to avoid taxes on everyone but millionaires (99.8% of us).
Good way for us to start his new term IMO.